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).

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). 2017 2016 Net sales $4,750 $5,501 cost of goods sold 3,400 3,901 Net income 151 108 Accounts receivable 75 Inventory 1,150 1,250 Total assets 2,950 3,250 1,131 Total common stockholders' equity 900 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 Click if you would like to show work for this question: Open Show Work