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 | $4,950.2 | $4,900.0 | ||
| Cost of goods sold | 3,900.9 | 4,000.9 | ||
| Net income | 55.0 | 190.9 | ||
| Accounts receivable | 65.0 | 104.4 | ||
| Inventory | 1,250.1 | 1,350.1 | ||
| Total assets | 2,850.0 | 3,150.0 | ||
| Total common stockholders equity | 910.3 | 1,070.2 |
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 |
| % | ||
| (b) | Asset turnover | times | |||
| (c) | Return on assets | % | |||
| (d) | Return on common stockholders equity | % | |||
| (e) | Gross profit rate | % |
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