Exercise 13-10

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).

		2017		2016
Net sales		$5,121.8		$5,286.7
Cost of goods sold		3,540.6		3,679.8
Net income		75.9		135.8
Accounts receivable		81		107.1
Inventory		1,203.5		1,358.2
Total assets		2,993.9		3,249.8
Total common stockholders equity		921.6		1,074.7

Compute the following ratios for 2017. (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			%
(b)		Asset turnover			times
(c)		Return on assets			%
(d)		Return on common stockholders equity			%
(e)		Gross profit rate			%