Acc400 Financial Accounting: E13-10 Selected comparative statement data for the giant bookseller

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Acc400 Financial Accounting

E13-10
Selected comparative statement data for the giant bookseller Barnes & Noble are presented here. All balance sheet data are as of December 31:
(in millions). 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 3,507.30
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.
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