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 $4,800 $5,600  Cost of goods sold $3,888 $3,637 Net income $77 $147 Accounts receivable $88 $109 Inventory $1,314 $1,239 Total assets $2,830 $3,170  Total common stockholders' equity $994 $980   Compute Return on common stockholders' equity and Gross profit rate

Managerial Accounting: The Cornerstone of Business Decision-Making
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Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
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Chapter15: Financial Statement Analysis
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Problem 56P: The following selected information is taken from the financial statements of Arnn Company for its...
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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 $4,800 $5,600 

Cost of goods sold $3,888 $3,637

Net income $77 $147

Accounts receivable $88 $109

Inventory $1,314 $1,239

Total assets $2,830 $3,170 

Total common stockholders' equity $994 $980

 

Compute Return on common stockholders' equity and Gross profit rate

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