Selected hypothetical comparative statement data for the giant bookseller Barnes & Noble are presented here. All balance sheet data are as of the end of the fiscal year (in millions).     2022   2021 Net sales   $4,850.1   $5,400.5 Cost of goods sold   3,700.7   3,500.4 Net income   75.2   100.0 Accounts receivable   75.1   109.9 Inventory   1,150.0   1,250.0 Total assets   2,950.1   3,250.1 Total common stockholders’ equity   920.4   1,090.4 Compute the following ratios for 2022. (Round asset turnover to 2 decimal places, e.g 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 2.5%)

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Selected hypothetical comparative statement data for the giant bookseller Barnes & Noble are presented here. All balance sheet data are as of the end of the fiscal year (in millions).

   
2022
 
2021
Net sales
  $4,850.1   $5,400.5
Cost of goods sold
  3,700.7   3,500.4
Net income
  75.2   100.0
Accounts receivable
  75.1   109.9
Inventory
  1,150.0   1,250.0
Total assets
  2,950.1   3,250.1
Total common stockholders’ equity
  920.4   1,090.4


Compute the following ratios for 2022. (Round asset turnover to 2 decimal places, e.g 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 2.5%)

 

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