Current Attempt in Progress 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). Net sales Cost of goods sold Net income Accounts receivable (net) Inventory Total assets Total common stockholders' equity 2022 $4,800.0 3,696.0 72.0 79.0 1.151.0 2.730.0 832.0 2021 $5.300.0 3,796.0 149.0 114.0 1.258.0 3,270.0 1.031.0 Compute the following ratios for 2022. (Round asset turnover to 2 decimal places, eg. 1.67. Round all other answers to 1 decimal place, es

Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
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Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
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Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 51E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...
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Current Attempt in Progress
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).
Net sales
Cost of goods sold
Net income
Accounts receivable (net)
Inventory
Total assets
Total common stockholders' equity
(a)
(b)
(c)
(d)
(e)
Profit margin
Asset turnover
Return on assets
2022
$4,800.0
3,696.0
Gross profit rate
72.0
79.0
Compute the following ratios for 2022. (Round asset turnover to 2 decimal places, eg. 1.67. Round all other answers to 1 decimal place, es
16 or 1.6%)
1.151.0
2,730.0
832.0
Return on common stockholders' equity
2021
$5.300.0
3,796.0
149.0
114.0
1,258.0
3,270.0
1.031.0
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Transcribed Image Text:Current Attempt in Progress 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). Net sales Cost of goods sold Net income Accounts receivable (net) Inventory Total assets Total common stockholders' equity (a) (b) (c) (d) (e) Profit margin Asset turnover Return on assets 2022 $4,800.0 3,696.0 Gross profit rate 72.0 79.0 Compute the following ratios for 2022. (Round asset turnover to 2 decimal places, eg. 1.67. Round all other answers to 1 decimal place, es 16 or 1.6%) 1.151.0 2,730.0 832.0 Return on common stockholders' equity 2021 $5.300.0 3,796.0 149.0 114.0 1,258.0 3,270.0 1.031.0 Save for Later Last saved 14 minutes ago. Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes. 15 16 24 times % % % Attempts: 0 of 1 used Submit Arcower
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