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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 $4,600 $5,400
Cost of goods sold 3,818 3,696
Net income 83 130
Accounts receivable 76 118
Inventory 1,222 1,426
Total assets 3,150 2,600
Total common stockholders' equity 981 1,125
Problem 1: Compute the following ratios for 2020. (Round asset turnover to 2 decimal places, e.g. 1.67. Round all other answers to 1 decimal place, e.g. 1.6 or 1.6%.)
(a)Profit margin ?%
(b)Asset turnover ? times
(c)Return on assets ?%
(d)Return on common stockholders' equity ? %
(e)Gross profit rate ?%
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