Question: Your answer is partially correct. Try again. Selected hypothetical comparative statement data for the giant bookseller Barnes & Noble are presented here. All balance sheet
Your answer is partially correct. Try again. Selected hypothetical 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). 2022 2021 Net sales Cost of goods sold Net income Accounts receivable $5,150.4 $5,100.2 3,000.0 3,700.6 75.2 190.9 65.0 Inventory 1,250.1 102.2 1,350.1 Total assets Total common stockholders' equity 2,950.1 3,250.1 920.4 1,070.2 Compute the following ratios for 2022. (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 (c) Return on assets (d) Return on common stockholders' equity (e) Gross profit rate 1.46 % 1.7 times 2.43 % 8.1% 47.6 %
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