Question
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 | $4,750 | $5,501 | ||
Cost of goods sold | 3,300 | 3,701 | ||
Net income | 85 | 110 | ||
Accounts receivable | 75 | 102 | ||
Inventory | 1,150 | 1,250 | ||
Total assets | 2,850 | 3,250 | ||
Total common stockholders equity | 900 | 1,121 |
Compute the following ratios for 2020. (Round asset turnover to 2 decimal places, e.g 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 2.5%)
(a) | Profit margin | enter percentages rounded to 1 decimal place | % | ||
---|---|---|---|---|---|
(b) | Asset turnover | enter Asset turnover in times rounded to 2 decimal places | times | ||
(c) | Return on assets | enter percentages rounded to 1 decimal place | % | ||
(d) | Return on common stockholders equity | enter percentages rounded to 1 decimal place | % | ||
(e) | Gross profit rate | enter percentages rounded to 1 decimal place | % |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started