Asked on 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

 

Answered on 22 May 2020

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