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).

Instructions
Compute the following ratios for 2020.
a. Profit margin.
b. Asset turnover.
c. Return on assets.
d. Return on common stockholders€™ equity.
e. Gross profit  rate.

Transcribed Image Text:

2020 2019 Net sales Cost of goods sold $5,121.8 3,540.6 75.9 $5,286.7 3,679.8 Net income 135.8 Accounts receivable 81.0 1,203.5 2,993.9 107.1 Inventory 1,358.2 3,249.8 1,074.7 Total assets Total common stockholders' equity 921.6