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). 2017 2016 Net sales $4,750 $5,401 Cost of goods sold 3,901 3,500 Net income 55 120 Accounts receivable 65 109 Inventory 1,250 1,350 Total assets 2,850 3,150 Total common stockholders' equity 961 1,111 Compute the following ratios for 2017. (Round asset turnover to 2 decimal places, eg 1.83 and all other answers to 1 decimal place, eg. 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). 2017 2016 Net sales $4,750 $5,401 Cost of goods sold 3,901 3,500 Net income 55 120 Accounts receivable 65 109 Inventory 1,250 1,350 Total assets 2,850 3,150 Total common stockholders' equity 961 1,111 Compute the following ratios for 2017. (Round asset turnover to 2 decimal places, eg 1.83 and all other answers to 1 decimal place, eg. 1.8 or 2.5%)

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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