Suppose selected comparative statement data for the giant booksellerBarnes & Nobleare presented here. All balance sheet data are as of the end of the fiscal year (in millions).
| 2014 |
2013 |
| Net sales |
$5,121.8 |
$5,286.7 |
| Cost of goods sold |
3,540.6 |
3,679.8 |
| Net income |
75.9 |
135.8 |
| Accounts receivable |
81.0 |
107.1 |
| Inventory |
1,203.5 |
1,358.2 |
| Total assets |
2,993.9 |
3,249.8 |
| Total common stockholders' equity |
921.6 |
1,074.7 |
Compute the following ratios for 2014.(Round all answers to 1 decimal place, e.g. 1.8 or 2.5%)
(a) Profit margin
(b) Asset turnover
(c) Return on assets
(d) Return on common stockholders' equity
(e) Gross profit rate