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 $5,121.8 $5,286.7
cost of goods sold 3,540.6 3,679.8
net income 75.9 135.8
accounts receivable 81 107.1
inventory 1,203.5 1,358.2
total assets 2,993.9 3,249.8
total common stockholders’ equity 921.6 1,074.7
compute the following ratios for 2017. (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
entry field with correct answer
%
(b) asset turnover
entry field with incorrect answer
times
(c) return on assets
entry field with correct answer
%
(d) return on common stockholders’ equity
entry field with incorrect answer
%
(e) gross profit rate
entry field with correct answer
%
Answers: 1
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Suppose selected comparative statement data for the giant bookseller barnes & noble are present...
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