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22 May 2020
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
$5,150
$5,100
Cost of goods sold
3,000
3,701
Net income
75
191
Accounts receivable
65
102
Inventory
1,250
1,350
Total assets
2,950
3,250
Total common stockholders’ equity
920
1,070
Compute the following ratios for 2020.
(a)Profit margin
(b)Asset turnover times
(c)Return on assets
(d)Return on common stockholders' equity
(e)Gross profit rate
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
|
$5,150 | $5,100 | ||
Cost of goods sold
|
3,000 | 3,701 | ||
Net income
|
75 | 191 | ||
Accounts receivable
|
65 | 102 | ||
Inventory
|
1,250 | 1,350 | ||
Total assets
|
2,950 | 3,250 | ||
Total common stockholders’ equity
|
920 | 1,070 |
Compute the following ratios for 2020.
(a)Profit margin
(b)Asset turnover times
(c)Return on assets
(d)Return on common stockholders' equity
(e)Gross profit rate
Elin HesselLv2
22 May 2020
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