Problem: Suppose selected comparative statement data for the giant bookseller Barnes & Nobleare presented here. All balance sheet data are as of the end of the fiscal year (in millions).
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2014
|
2013
|
|
Net sales
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$5,121.8
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$5,286.7
|
|
Cost of goods sold
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3,540.6
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3,679.8
|
|
Net income
|
75.9
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135.8
|
|
Accounts receivable
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81.0
|
107.1
|
|
Inventory
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1,203.5
|
1,358.2
|
|
Total assets
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2,993.9
|
3,249.8
|
|
Total common stockholders' equity
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921.6
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1,074.7
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Required: Compute the following ratios for 2014.
(a) Profit margin
(b) Asset turnover
(c) Return on assets
(d) Return on common stockholders' equity
(e) Gross profit rate
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