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.
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