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Suppose selected comparative statement data for the giant bookseller Barnes & Noble are presented here. All balance sheet data are as of the end of
Suppose selected comparative statement data for the giant bookseller Barnes & Noble are presented here. All balance sheet data are as of the end of the fiscal year (in millions).
2020 | 2019 | |||
Net sales | $5,000 | $5,700 | ||
Cost of goods sold | 3,800 | 3,430 | ||
Net income | 85 | 137 | ||
Accounts receivable | 79 | 115 | ||
Inventory | 1,186 | 1,228 | ||
Total assets | 3,280 | 2,970 | ||
Total common stockholders equity | 905 | 1,141 |
Compute the following ratios for 2020. (Round asset turnover to 2 decimal places, e.g. 1.67. Round all other answers to 1 decimal place, e.g. 1.6 or 1.6%.)
(a) | Profit margin | % | |||
(b) | Asset turnover | times | |||
(c) | Return on assets | % | |||
(d) | Return on common stockholders equity | % | |||
(e) | Gross profit rate | % |
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