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.