Exercise 14-10

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).

		2020		2019
Net sales		$4,800		$5,300
Cost of goods sold		3,264		3,813
Net income		82		141
Accounts receivable		81		115
Inventory		1,249		1,361
Total assets		3,160		2,840
Total common stockholders equity		986		1,149

Compute the following ratios for 2020. (Round asset turnover to 2 decimal places, e.g. 1.67. Round all other answers to 1 decimal place, e.g. 1.6 or 1.6%.)

(a)		Profit margin			%
(b)		Asset turnover			times
(c)		Return on assets			%
(d)		Return on common stockholders equity			%
(ea)		Gross profit rate			%