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).

2020

2019

Net sales

$4,750 $5,501

Cost of goods sold

3,300 3,701

Net income

85 110

Accounts receivable

75 102

Inventory

1,150 1,250

Total assets

2,850 3,250

Total common stockholders equity

900 1,121

Compute the following ratios for 2020. (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 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 percentages rounded to 1 decimal place

%

(d)

Return on common stockholders equity

enter percentages rounded to 1 decimal place

%

(e)

Gross profit rate

enter percentages rounded to 1 decimal place

%

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