Calculate the return on common shareholders equity

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Question - Selected comparative statement data for the giant bookseller Speedway Inc. are presented here. All statement of financial position data are as of the end of the fiscal year (in millions).

 

2022

2021

Sales

$5,307.0

$5,153.0

Cost of goods sold

3,617.0

3,556.0

Net income

151.1

147.3

Dividends paid on common shares

32.3

29.4

Dividends paid on preferred shares

15.7

14.6

Accounts receivable

101.3

98.4

Inventory

1,367.0

1,304.0

Total assets

3,187.0

3,167.0

Total common shareholders' equity

1,175.0

1,123.0

Required - Calculate the following ratios for 2022

(a) Profit margin

(b) Asset turnover

(c) Return on assets

(d) Return on common shareholders' equity

(e) Gross profit margin

Reference no: EM133062619

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