Question: Exercise 18-10 Suppose selected comparative statement data for the giant bookseller Barnes & Noble are presented here. All balance sheet data areas of the end

 Exercise 18-10 Suppose selected comparative statement data for the giant bookseller

Exercise 18-10 Suppose selected comparative statement data for the giant bookseller Barnes & Noble are presented here. All balance sheet data areas of the end of the fiscal year (in millions 2020 2019 $4,600 3,818 $5,400 3,696 130 Net sales Cost of goods sold Net Income Accounts receivable Inventory Total assets Total common stockholders' equity 76 118 1,426 1,222 3,150 981 2.600 1.125 Compute the following ratios for 2020. (Round asset turnover to 2 decimal places, eg. 1.67. Round all other answers to decimalce 1.6 or 1.600) (a) Profit margin (b) Asset tumover (c) Return on assets (d) Return on common stockholders' equity (e) Gross profit rate Click if you would like to show Work for this question: Open Show Work

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