Question: Exercise 13-10 Selected hypothetical comparative statement data for the giant bookseller Barnes & Noble are presented here. All balance sheet data are as of the

 Exercise 13-10 Selected hypothetical comparative statement data for the giant bookseller

Exercise 13-10 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 Inventory Total assets Total common stockholders' equity 2022 2021 $5,050.3 $5,000.9 3,700.7 3,200.1 65.1 190.9 65.0 106.6 1,250.1 1,350.1 2.950.1 3,250.1 1,100.5 940.6 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%) 1.3 (a) Profit margin times (b) Asset turnover 96 (c) Return on assets (d) Return on common stockholders' equity (o) Gross profit rate Click if you would like to show Work for this question: Open Show Work

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