1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Valentin [98]
3 years ago
5

Suppose selected comparative statement data for the giant bookseller Barnes & Noble are presented here. All balance sheet da

ta are as of the end of the fiscal year (in millions).
2020 2019
Net sales $5,200 $5,500
Cost of goods sold 3,484 3,830
Net income 78 123
Accounts receivable 82 103
Inventory 1,146 1,262
Total assets 2,990 3,510
Total common stockholders’ equity 992 1,031

Required:
Compute the following ratios for 2020.
Business
1 answer:
grandymaker [24]3 years ago
3 0

Answer:

Profit margin = net profit / total sales = $78 / $5,200 = 1.5%  

Asset turnover = total sales / average total assets = $5,200 / ($2,990 + $3,510) = 1.6

Return on assets = net income / average total assets = $78 / $3,250 = 2.4%  

Return on common stockholders’ equity =  net income / average stockholders' equity = $78 / ($992 + $1,031) = 7.71%  

Gross profit rate = gross profit / total sales = $1,716 / $5,200 = 33%

You might be interested in
Which of the following is true? a. As long as the economic pie continually gets larger, no one will have to go hungry. b. Effici
stealth61 [152]

Answer:

C

Explanation: Government policies usually improve upon both equality and efficiency.

5 0
3 years ago
When firms grow larger they sometime add many additional layers of managers between the top executives and the entry-level emplo
finlep [7]

Question:

When firms grow larger they sometime add many additional layers of managers between the top executives and the entry-level employees Because these managers not actually produce any output themselves, we expect more layers of management to lead to a:

A) Diminishing marginal return.

B) Increasing marginal returns.

C) Diseconomies of scale

D) Economies of scale

Answer:

The correct answer is C) Diseconomies of scale.

Explanation:

Too many layers of management, too little control, too many locations, and too many products are all recipes for a "diseconomies" of scale situation. There's a point at which average costs stop falling as production increases, which may also be the point at which costs start to rise as a result of this inefficiency.

Diseconomies of scale is a microeconomics principle which refer to the cost disadvantages that economic actors accrue due to an increase in organizational size or on output, resulting in production of goods and services at increased per-unit costs. The concept of diseconomies of scale is the opposite of economies of scale.

For example, if a product is made up of two components, solution A and Solution B, diseconomies of scale might occur if gadget B is produced at a slower rate than gadget A. This forces the company to slow the production of gadget A, increasing its per-unit cost.

Another example would be if the Human Resource Planning Unit goes on a recruitment spree without first planning the the workforce. This would result in diseconomies of scale and  may also be caused by the lack of proper coordination in a business where operational waste becomes the order of the day.

Cheers!

8 0
3 years ago
Read 2 more answers
John's car is hit by ben's truck. a doctor tells john that he will be disabled only temporarily. ben's insurance company offers
EastWind [94]

Not be able to sue since he settled earlier.

hope this helped hon

7 0
3 years ago
Bill consented to participate in a research study for an experimental drug. He was given a brief description of the study and of
puteri [66]

Answer:

The answer is: A) Yes, a participant in a study may terminate or withdrawal from the study at any time.

Explanation:

Bill, or any other participant, can quit the medical research study any time they want. Bill is a voluntary in this study, so the time he participates depends only on his free will. He might even decide to leave the study at the final stages and it would be OK.

Only the individual (in this case Bill) has the right to decide what is good and proper with his body, and no one can decide for him or force him to do something he doesn't want to.

3 0
3 years ago
Which of the following is an operational requirement for a global information system (GIS)?
bazaltina [42]

Answer:

The correct answer is letter "D": Communication between headquarters and subsidiaries.

Explanation:

A Global Information System or GIS is an information system that works across national borders, facilitates communication between headquarters and subsidiaries in other countries, and incorporates all the technologies and applications found in a common information system to store, manipulate, and transmit data across cultural and geographic limits.

4 0
3 years ago
Other questions:
  • Iron Crafters Inc., a hardware manufacturing company, has employed experts to carefully analyze its operating unit, to identify
    10·1 answer
  • What kind of economy offers uniformity in wages regardless of individual productivity?
    11·1 answer
  • Recently, a terminated employee used his mobile device to log in to the company network and steal sensitive data. As the manager
    11·1 answer
  • PLEASE HELP!! 35 POINTS!!!!
    9·1 answer
  • Latting Corporation has entered into a 7 year lease for a building it will use as a warehouse. The annual payment under the leas
    14·1 answer
  • An associate professor of physics gets a $200 a month raise. She figures that with her new monthly salary she can buy more goods
    13·1 answer
  • According to Porter, the generic competitive strategy that reflects the ability of the corporation or its business unit to desig
    9·1 answer
  • A quality analyst wants to construct a control chart for determining whether four machines, all producing the same product, are
    13·1 answer
  • A restaurant chain hires two new restaurant managers. One manager is a woman, and one is a man. Both candidates are equally qual
    8·1 answer
  • opulation 500 Population over age 16 400 Persons employed full-or part-time 200 Persons unemployed and actively seeking work 20
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!