Question: Current Attempt in Progress Selected comparative statement data for the giant bookseller Roger Inc. are presented here. All statement of financial position data are as
Current Attempt in Progress
Selected comparative statement data for the giant bookseller Roger Inc. are presented here. All statement of financial position data are as of the end of the fiscal year (in millions).
| 2022 | 2021 | ||||
| Sales | $5,300.0 | $5,141.0 | |||
| Cost of goods sold | 3,620.0 | 3,539.0 | |||
| Net income | 150.2 | 146.8 | |||
| Dividends paid on common shares | 32.0 | 28.8 | |||
| Dividends paid on preferred shares | 15.9 | 13.6 | |||
| Accounts receivable | 101.0 | 99.7 | |||
| Inventory | 1,357.0 | 1,327.0 | |||
| Total assets | 3,191.0 | 3,138.0 | |||
| Total common shareholders' equity | 1,169.0 | 1,122.0 |
Calculate the following ratios for 2022: (Round answers to 1 decimal place, e.g. 5.2% or 5.2.)
| (a) | Profit margin | % | ||||
| (b) | Asset turnover | times | ||||
| (c) | Return on assets | % | ||||
| (d) | Return on common shareholders' equity | % | ||||
| (e) | Gross profit margin | % |
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
