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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