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 2021 Net sales $4,740.0 $4,900.0 Cost of goods sold 3,000.0 3,100.0 Net income 55.0 100.0 Accounts receivable 65.0 100.0 Inventory 1,150.0 1,250.0 Total assets 2,850.0 3,150.0 Total common stockholders' equity 880.0 1,050.0 Compute the following ratios for 2022. (Round asset turnover to 2 decimal places, eg 1.83 and all other answers to 1 decimal place. eg. 1.8 or 2.5%) (a) Profit margin (6) Asset turnover times (c) Return on assets 96 (d) Return on common stockholders' equity 96 Gross profit rate 96 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 2021 Net sales $4,740.0 $4,900.0 Cost of goods sold 3,000.0 3,100.0 Net income 55.0 100.0 Accounts receivable 65.0 100.0 Inventory 1,150.0 1,250.0 Total assets 2,850.0 3,150.0 Total common stockholders' equity 880.0 1,050.0 Compute the following ratios for 2022. (Round asset turnover to 2 decimal places, eg 1.83 and all other answers to 1 decimal place. eg. 1.8 or 2.5%) (a) Profit margin (6) Asset turnover times (c) Return on assets 96 (d) Return on common stockholders' equity 96 Gross profit rate 96
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Solution a Profit Margin Net Income Net Sales100 Net Income 550 Net Sales 47400 P... View the full answer
Related Book For
Accounting Tools for Business Decision Making
ISBN: 978-1118128169
5th edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
Posted Date:
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