Exercise 13-10 Suppose selected comparative statement data for the giant bookseller Barnes&Noble are presented here....
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Accounting
Exercise 13-10 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 $5,150 $4,900 3,801 4,101 Net sales Cost of goods sold Net income Accounts receivable Inventory Total assets Total common stockholders' equity 103 1,250 1,250 2,850 3,250 900 1,060 65 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 (c) Return on assets (d) Return on common stockholders' equity (e) Gross profit rate times
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