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 $4,950 $4,900 Cost of goods sold 3,300 3,701 Net income 65 181 Accounts receivable 65 109 Inventory 1,250 1,350 Total assets 2,850 3,250 Total common stockholders’ equity 920 1,060 Compute the following ratios for 2020. (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%)
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 $4,950 $4,900 Cost of goods sold 3,300 3,701 Net income 65 181 Accounts receivable 65 109 Inventory 1,250 1,350 Total assets 2,850 3,250 Total common stockholders’ equity 920 1,060 Compute the following ratios for 2020. (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%)
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 27MCQ
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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
|
$4,950 | $4,900 | ||
Cost of goods sold
|
3,300 | 3,701 | ||
Net income
|
65 | 181 | ||
|
65 | 109 | ||
Inventory
|
1,250 | 1,350 | ||
Total assets
|
2,850 | 3,250 | ||
Total common
|
920 | 1,060 |
Compute the following ratios for 2020. (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%)
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