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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10. Question Content Area Special-Order Decision, Services, Qualitative Aspects Jason Rogers works full-time for UPS and runs a lawn-mowing service part-time after work during the warm months of April through October. Jason has two men working with him, each of whom is paid $6.00 per lawn mowing. Jason has 25 residential customers who contract with him for once-weekly lawn mowing during the months of May through September, and twice-per-month mowings during April and October. On average, Jason charges $42 per lawn mowed. Recently, LStar Property Management Services asked Jason to mow the lawn at each of its 29 rental houses every two weeks during the months of May through September. LStar has offered to pay $29 per lawn mowing, and would forego the lawn edging that normally takes Jason’s team about half of its regular mowing time. If Jason accepts the job, he can assign a one-man team to mow the rental house yards, and will have to buy an additional power lawn mower for about $370…
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