Reference no: EM132472077

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                                  $4,950                       $4,900

Cost of goods sold                       3,901                         4,001

Net income                                  55191

Accounts receivable                        65104

Inventory                                        1,250                         1,350

Total assets                                      2,850                          3,150

Total common stockholders' equity         910                            1,070

Question 1: 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

(b)Asset turnover times

(c)Return on assets

(d)Return on common stockholders' equity

(e)Gross profit rate