Suppose selected 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) 2020 2019 Net sales $4,800 $5,600 Cost of goods sold $3,888 $3,637 Net income $77 $147 Accounts receivable $88 $109 Inventory $1,314 $1,239 Total assets $2,830 $3,170 Total common stockholders' equity $994 $980 Compute Return on common stockholders' equity and Gross profit rate
Suppose selected 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) 2020 2019 Net sales $4,800 $5,600 Cost of goods sold $3,888 $3,637 Net income $77 $147 Accounts receivable $88 $109 Inventory $1,314 $1,239 Total assets $2,830 $3,170 Total common stockholders' equity $994 $980 Compute Return on common stockholders' equity and Gross profit rate
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Suppose selected 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)
2020 2019
Net sales $4,800 $5,600
Cost of goods sold $3,888 $3,637
Net income $77 $147
Accounts receivable $88 $109
Inventory $1,314 $1,239
Total assets $2,830 $3,170
Total common
Compute Return on common stockholders' equity and Gross profit rate
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