WHAT IS D) RETURN ON COMMON STOCKHOLDERS EQUITY?

3.4% IS INCORRECT

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 $5,200 $5,800 Cost of goods sold 3,640 3,867 Net income 73 143 Accounts receivable 89 115 Inventory 1,133 1,263 Total assets 3,050 3,450 Total common stockholders' equity 994 1,126 Compute the following ratios for 2020. (Round asset turnover to 2 decimal places, e.g. 1.67. Round all other answers to 1 decimal place, e.g. 1.6 or 1.6%.) (a) Profit margin 1.4 % (b) Asset turnover 1.6 times (c) Return on assets 2.2. % X (d) Return on common stockholders' equity 3.4 % (e) Gross profit rate 301 %