Question: Need help Exercise 13-10 Suppose selected comparative statement data for the giant bookseller Barnes & Noble are presented here. All balance sheet data are as

Need help  Need help Exercise 13-10 Suppose selected comparative statement data for the
giant bookseller Barnes & Noble are presented here. All balance sheet data

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). 2020 $5,351 3,100 65 2019 $5,300 3,100 120 Net sales Cost of goods sold Net income Accounts receivable Inventory Total assets Total common stockholders' equity 65 104 1,250 2,850 971 1,350 3,250 1,101 Compute the following ratios for 2020. (Round asset turnover to 2 decimal places, e.g 1.83 and all other answers to 1 decimal plac e.g. 1.8 or 2.5%) % (a) Profit margin (b) Asset turnover (c) Return on assets times % (d) Return on common stockholders' equity % (e) Gross profit rate %

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