3. 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).

		2025		2024
Net sales		$4,950.2		$5,800.9
Cost of goods sold		3,700.7		3,700.6
Net income		65.1		190.9
Accounts receivable (net)		75.1		106.6
Inventory		1,250.1		1,350.1
Total assets		2,950.1		3,150.0
Total common stockholders equity		930.5		1,110.6

Compute the following ratios for 2025. (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		enter percentages rounded to 1 decimal place	%
b.		Asset turnover		enter a number of times rounded to 2 decimal places	times
c.		Return on assets		enter percentages rounded to 1 decimal place	%
d.		Return on common stockholders equity		enter percentages rounded to 1 decimal place	%
e.		Gross profit rate		enter percentages rounded to 1 decimal place	%

4. Here is the income statement for Sunland, Inc.

Sunland, Inc. Income Statement For the Year Ended December 31, 2025
Net sales		$443,100
Cost of goods sold		241,700
Gross profit		201,400
Expenses (including $14,700 interest and $27,600 income taxes)		78,300
Net income		$123,100

Additional information:

1.		Common stock outstanding January 1, 2025, was 24,200 shares, and 39,200 shares were outstanding at December 31, 2025. (Use a simple average for weighted-average.)
2.		The market price of Sunland stock was $14 on December 31, 2025.
3.		Cash dividends of $22,200 were declared and paid.

Compute the following measures for 2025. (Round Earnings per share to 2 decimal places, e.g. 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 2.5%.)

a.		Earnings per share		$enter a dollar amount rounded to 2 decimal places
b.		Price-earnings ratio		enter a number of times rounded to 1 decimal place	times
c.		Payout ratio		enter percentages rounded to 1 decimal place	%
d.		Times interest earned		enter a number of times rounded to 1 decimal place	times