Question: Suppose selected comparative statement data for the giant bookseller Barnes & Noble are presented here. All balance sheet data are as of the end of
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).
| 2017 | 2016 | |||
| Net sales | $5,050 | $4,900 | ||
| Cost of goods sold | 3,000 | 3,801 | ||
| Net income | 75 | 151 | ||
| Accounts receivable | 75 | 107 | ||
| Inventory | 1,150 | 1,250 | ||
| Total assets | 2,850 | 3,150 | ||
| Total common stockholders equity | 931 | 1,111 |
Compute the following ratios for 2017. (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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