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 $5,150 $4,900 Cost of goods sold 3,801 4,101 Net income 55 171 Accounts receivable 65 103 Inventory 1,250 1,250 Total assets 2,850 3,250 Total common stockholders’ equity 900 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%) (a) Profit margin enter percentages rounded to 1 decimal place % (b) Asset turnover enter Asset turnover in times rounded to 2 decimal places times (c) Return on assets

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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
  $5,150   $4,900
Cost of goods sold
  3,801   4,101
Net income
  55   171
Accounts receivable
  65   103
Inventory
  1,250   1,250
Total assets
  2,850   3,250
Total common stockholders’ equity
  900   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%)

(a)
 
Profit margin
 
enter percentages rounded to 1 decimal place
 %
(b)
 
Asset turnover
 
enter Asset turnover in times rounded to 2 decimal places
 times
(c)
 
Return on assets
 
enter percentages rounded to 1 decimal place
 %
(d)
 
Return on common stockholders’ equity
 
enter percentages rounded to 1 decimal place
 %
(e)
 
Gross profit rate
 
enter percentages rounded to 1 decimal place
 %
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