Exercise 18-10

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		$5,000		$5,600
Cost of goods sold		3,300		3,623
Net income		70		147
Accounts receivable		80		115
Inventory		1,287		1,327
Total assets		2,710		3,540
Total common stockholders equity		944		1,118

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			%
(e)		Gross profit rate			%