Selected hypothetical comparative statement data for the giant bookseller Barnes & Noble are presented here. All...
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Selected hypothetical 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). 2022 $5,250.5 2021 Net sales $5.400.5 Cost of goods sold 3,400.4 3,300.2 Net income 75.2 110.1 Accounts receivable 75.1 103.3 Inventory 1,250.1 1,250.0 Total assets 2,850.0 3.250.1 Total common stockholders' equity 910.3 1.060.1 Total assets 2,850.0 3,250.1 Total common stockholders' equity 910.3 1,060,1 Compute the following ratios for 2022. (Round asset turnover to 2 decimal places, eg 1.83 and all other answers to 1 decimal place, es. 18 or 2.5%) (a) Profit margin (b) Asset turnover times (c) Return on assets (d) Return on common stockholders' equity (e) Gross profit rate Selected hypothetical 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). 2022 $5,250.5 2021 Net sales $5.400.5 Cost of goods sold 3,400.4 3,300.2 Net income 75.2 110.1 Accounts receivable 75.1 103.3 Inventory 1,250.1 1,250.0 Total assets 2,850.0 3.250.1 Total common stockholders' equity 910.3 1.060.1 Total assets 2,850.0 3,250.1 Total common stockholders' equity 910.3 1,060,1 Compute the following ratios for 2022. (Round asset turnover to 2 decimal places, eg 1.83 and all other answers to 1 decimal place, es. 18 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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Answer rating: 100% (QA)
Answer Part 1 Profit Margin net income sales 100 75252505 100 143 Part 2 Asset Turnover Net sal... View the full answer
Related Book For
Accounting Principles
ISBN: 978-1119411482
13th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
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