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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).
2017 | 2016 | |||
Net sales | $4,850 | $5,401 | ||
Cost of goods sold | 3,701 | 3,500 | ||
Net income | 75 | 100 | ||
Accounts receivable | 75 | 110 | ||
Inventory | 1,150 | 1,250 | ||
Total assets | 2,950 | 3,250 | ||
Total common stockholders equity | 920 | 1,090 |
Compute the following ratios for 2017. (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 | % | |||
(b) | Asset turnover | times | |||
(c) | Return on assets | % | |||
(d) | Return on common stockholders equity | % | |||
(e) | Gross profit rate | % |
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