Acc400-Selected comparative statement data for the giant bookseller Barnes & Noble are presented…
Selected comparative statement data for the giant bookseller Barnes & Noble are presented here. All balance sheet data are as of December 31:
(in million)
2004
2003
Net sales
4,873.60
5,951.00
Cost of goods sold
3,386.60
4,323.80
Net income
143.30
151.90
Accounts receivable
74.60
60.50
Inventory
1,274.60
1,526.10
Total assets
3,301.50
3,301.50
Total common stockholders’ equity
1,165.90
1,259.70
Instructions
Compute the following ratios for 2004:
(a) Profit margin.
(b) Asset turnover.
(c) Return on assets.
(d) Return on common stockholders’ equity.
(e) Gross profit rate.
