Selected hypothetical 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). 2022 2021 Net sales $5,050.3 $4,900.0 Cost of goods sold 3,300.3 4,201.1 Net income 65.1 100.0 Accounts receivable 75.1 102.2 Inventory 1,150.0 1,250.0 Total assets 2,850.0 3,150.0 Total common stockholders’ equity 900.2 1,140.9 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 (c) Return on assets enter return on assets in percentages rounded to 1 decimal place % (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 %
Selected hypothetical 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). 2022 2021 Net sales $5,050.3 $4,900.0 Cost of goods sold 3,300.3 4,201.1 Net income 65.1 100.0 Accounts receivable 75.1 102.2 Inventory 1,150.0 1,250.0 Total assets 2,850.0 3,150.0 Total common stockholders’ equity 900.2 1,140.9 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 (c) Return on assets enter return on assets in percentages rounded to 1 decimal place % (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 %
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter14: Financial Statement Analysis
Section: Chapter Questions
Problem 2TIF: Real-world annual report The financial statements for Nike, Inc. (NKE), are presented in Appendix E...
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Selected hypothetical 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).
|
2022
|
2021
|
|||
|---|---|---|---|---|
|
Net sales
|
$5,050.3 | $4,900.0 | ||
|
Cost of goods sold
|
3,300.3 | 4,201.1 | ||
|
Net income
|
65.1 | 100.0 | ||
|
Accounts receivable
|
75.1 | 102.2 | ||
|
Inventory
|
1,150.0 | 1,250.0 | ||
|
Total assets
|
2,850.0 | 3,150.0 | ||
|
Total common
|
900.2 | 1,140.9 |
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 | ||
| (c) | Return on assets |
enter return on assets in percentages rounded to 1 decimal place
|
% | ||
| (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
|
% |
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