Question: Exercise 13-10 FULL PRINTER VERSION BACK Your answer is partially correct. Try again. Selected hypothetical comparative statement data for the giant bookseller Barnes & Noble
Exercise 13-10 FULL PRINTER VERSION BACK Your answer is partially correct. Try again. 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). Net sales Cost of goods sold Net income Accounts receivable 2022 2021 $5,150.4 $5,100.2 3,000.0 3,700.6 75.2 190.9 65.0 102.2 Inventory 1,250.1 1,350.11 Total assets 2,950.1 Total common stockholders' equity 920.4 3,250.1 1,070.2 Compute the following ratios for 2022. (Round asset turnover to 2 decimal places, eg 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 2.5%) (a) Profit margin 1.3% 1.66 times 2.096 % (b) Asset turnover (c) Return on assets (d) Return on common stockholders' equity 995.30 16 (e) Gross profit rate 41.75%
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