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 | $5,150.4 | $4,900.0 | ||
| Cost of goods sold | 3,800.8 | 4,101.0 | ||
| Net income | 55.0 | 170.7 | ||
| Accounts receivable | 65.0 | 103.3 | ||
| Inventory | 1,250.1 | 1,250.0 | ||
| Total assets | 2,850.0 | 3,250.1 | ||
| Total common stockholders equity | 900.2 | 1,060.1 |
Compute the following ratios for 2022. (Round asset turnover to 2 decimal places, e.g 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 2.5%)
| (a) | Profit margin | enter profit margin in percentages rounded to 1 decimal place | % | ||
| (b) | Asset turnover | enter asset turnover in times rounded to 2 decimal places | times | ||
| (c) | Return on assets | enter return on assets in percentages rounded to 1 decimal place | % | ||
| (d) | Return on common stockholders equity | enter return on common stockholders' equity in percentages rounded to 1 decimal place | % | ||
| (e) | Gross profit rate | enter gross profit rate in percentages rounded to 1 decimal place | % |
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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). Net sales Cost of goods sold Net income Accounts receivable Inventory Total assets Total common stockholders' equity 2022 2021 $5,150.4 $4,900.0 3,800.8 4,101.0 55.0 170.7 65.0 103.3 1,250.1 1,250.0 2,850.0 3,250.1 900.2 1,060.1 Compute the following ratios for 2022. (Round asset turnover to 2 decimal places, e.g 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 2.5%) (a) Profit margin 1.1 % (b) Asset turnover 84.43 times (c) Return on assets % (d) Return on common stockholders' equity % (e) Gross profit rate %
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