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 $ 5,150 $ 5,100
Cost of goods sold 3,000 3,701
Net income 75 191
Accounts receivable 65 102
Inventory 1,250 1,350
Total assets 2,950 3,250
Total common stockholders equity 920 1,070
Compute the following ratios for 2017
| (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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