Use the information from the 2008 annual report of Barnes & Noble to calculate the following ratios

Question:

Use the information from the 2008 annual report of Barnes & Noble to calculate the following ratios for the two most recent fiscal years:

1. Return on assets (ROA)

2. Asset turnover ratio.

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Financial Accounting: A Business Process Approach

ISBN: 978-0136115274

3rd edition

Authors: Jane L. Reimers

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Question Posted: Sep 01, 2014 12:41 PM

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Use the information from the 2008 annual report of Barnes & Noble to calculate the following ratios

Question:

(dollars in thousands) 2008 Sales (net) Net income Total assets *From the 2007 annual report 2007 $5,286,674 $3,249,826 2006 $5,139,618 $3,196,798* $5,121,804 S 75,920 135,799150,527 $2.93,888 3.249,826 196,798

Step by Step Answer:

1 Return on assets Net income 75920 24 percent Average total assets 29...View the full answer

Financial Accounting: A Business Process Approach

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(dollars in thousands) 2008 Sales (net) Net income Total assets From the 2007 annual report 2007 $5,286,674 $3,249,826 2006 $5,139,618 $3,196,798 $5,121,804 S 75,920 135,799150,527 $2.93,888 3.249,826 196,798