Question: Selected hypothetical comparative statement data for the giant bookseller Barnes & Noble are presented here. All balance sheet data are as of the end of

Selected hypothetical 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).

2022

2021

Net sales

$4,800.0 $5,600.0

Cost of goods sold

3,648.0 3,996.0

Net income

86.4 129.0

Accounts receivable (net)

84.0 112.0

Inventory

1,300.0 1,246.0

Total assets

3,290.0 2,710.0

Total common stockholders equity

1,012.0 1,042.0

Compute the following ratios for 2022. (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

enter percentages rounded to 1 decimal place

%

(b)

Asset turnover

enter a number of times rounded to 2 decimal places

times

(c)

Return on assets

enter percentages rounded to 1 decimal place

%

(d)

Return on common stockholders equity

enter percentages rounded to 1 decimal place

%

(e)

Gross profit rate

enter percentages rounded to 1 decimal place

%

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!