Been stuck for about 2 hours can’t figure it out ### Comparative Financial Statement Data for Barnes & NobleSelected 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** | $4,750.0 | $5,500.6 || **Cost of goods sold** | 3,300.3 | 3,700.6 || **Net income** | 85.3 | 110.1 || **Accounts receivable** | 75.1 | 102.2 || **Inventory** | 1,150.0 | 1,250.0 || **Total assets** | 2,850.0 | 3,250.1 || **Total common stockholders' equity** | 900.2 | 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%)1. **Profit Margin**: \[ \text{Profit Margin} (\%) = \frac{\text{Net Income}}{\text{Net Sales}} \times 100 \]2. **Asset Turnover**: \[ \text{Asset Turnover} = \frac{\text{Net Sales}}{\text{Total Assets}} \]3. **Return on Assets (ROA)**: \[ \text{ROA} (\%) = \frac{\text{Net Income}}{\text{Total Assets}} \times 100 \]4. **Return on Common Stockholders' Equity (ROE)**: \[ \text{ROE} (\%) = \frac{\text{Net Income}}{\text{Total Common Stockholders' Equity}} \times 100 \]

Ratio analysis helps to analyze the financial statements of the company. The management can take…

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 Inventory Total assets Total common stockholders' equity (a) (b) (c) Profit margin Asset turnover 2022 Return on assets $4,750.0 3,300.3 85.3 75.1 1,150.0 2,850.0 900.2 2021 $5,500.6 3,700.6 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%) 110.1 102.2 1,250.0 A 3,250.1 1,120.7 % times %

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 Inventory Total assets Total common stockholders' equity (a) (b) (c) Profit margin Asset turnover 2022 Return on assets $4,750.0 3,300.3 85.3 75.1 1,150.0 2,850.0 900.2 2021 $5,500.6 3,700.6 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%) 110.1 102.2 1,250.0 A 3,250.1 1,120.7 % times %

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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