Selected hypothetical comparative statement data for the giant bookseller Barnes & Noble are presented here....
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Accounting
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
$5,150.4
$5,100.2
Cost of goods sold
3,400.4
3,900.8
Net income
75.2
150.5
Accounts receivable
75.1
104.4
Inventory
1,250.1
1,350.1
Total assets
2,950.1
3,150.0
Total common stockholders equity
890.1
1,120.7
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
times
(c)
Return on assets
%
(d)
Return on common stockholders equity
%
(e)
Gross profit rate
%
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