Compute the profit margin and asset turnover ratios

Reference no: EM132848855

Selected hypothetical comparative statement data for the giant bookseller Barnes & Noble20222021 are presented here. All balance sheet data are as of the end of the fiscal year (in millions).

Net sales $4,750.0 $5,500.6

Cost of goods sold $3,400.4 3,900.8

Net income $65.1 150.5

Accounts receivable $75.1 107.7

Inventory $1,150.0 1,250.0

Total assets 2,950.13, 250.1

Total common stockholders' equity 900.2 1,130.8

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%)

(a) Profit margin enter profit margin in percentages rounded to 1 decimal place

(b) Asset turnover enter asset turnover in times rounded to 2 decimal places times

(d) Return on common stockholders' equity enter return on common stockholders' equity in percentages rounded to 1 decimal place

(e) Gross profit rate enter gross profit rate in percentages rounded to 1 decimal place

Reference no: EM132848855

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