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 $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

 Suppose selected comparative statement data for the giant bookseller Barnes &

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 3,300 3,701 85 Net income 110 102 Accounts receivable 75 1,150 1,250 Inventory Total assets 2,850 3,250 Total common stockholders equity 900 1,121 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 1.53 times (c) Return on assets (d) Return on common stockholders' equity (e) Gross profit rate

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