Current Attempt in ProgressStaples, Inc. is one of the largest suppliers of office products in the United States. Suppose it had net income of $964.1 million andsales of $23,333.4 million in 2022. Its total assets were $13,300.5 million at the beginning of the year and $14,150.5 million at the endof the year. What is Staples, Inc.'s (a) asset turnover and (b) profit margin? (Round asset turnover to 2 decimal places, eg. 1.25 and profitmargin to 1 decimal place, e.g. 2.5%.)(a)Asset turnover(b)Profit margintimes%

To find Staples, Inc.'s asset turnover and profit margin, we'll use the following formulas: 1. Asset…

Answered: Current Attempt in Progress Staples,…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Last year, Company A reported profits of about $47 billion on sales of $282 billion. For that same period, Company B posted a profit of about $22 billion on sales of $113 billion. So Company A is a better marketer, right? Sales and profits provide information to compare the profitability of these two competitors, but between these numbers is information regarding the efficiency of marketing efforts in creating those sales and profits. Using the following information from the companies' income statements (all numbers are in thousands), calculate profit margin, net marketing contribution, marketing return on sales (or marketing ROS), and marketing return on investment (or marketing ROI) for each company. Hint: See the Marketing Profitability Metrics section of Appendix 3: Marketing By The Numbers in your textbook. Sales Gross Profit Company A $281,822,000 $66,558,000 $8,264,050 $46,962,000 Profit Margin Marketing Expenses Net Income (Profit) Fill in the table below. (Round the NMC to the…
Current Attempt in Progress Suppose the 2022 income statement for McDonald's Corporation shows cost of goods sold $4,854.8 million and operating expenses (including depreciation expense of $1,236.0 million) $10,689.8 million. The comparative balance sheets for the year show that eventory decreased $5,5 million, prepaid expenses increased $44.4 million, accounts payable finventory suppliers) increased $150 million and accrued expenses payable increased $198.0 million Using the direct method, compute (a) cash payments to suppliers and (b) cash payments for operating expenses. (Enter answers in millions to 1 decimal place, ea. 527.5) Cash payments to suppliers Cash payments for operating expenses million million
In January 2022, United Airlines had a market capitalization of $14.74 billion, debt of $36.27 billion, and cash of $18.06 billion. United Airlines had revenues of $24.46 billion. Southwest Airlines had a market capitalization of $26.56 billion, debt of 12.49 billion, cash of $15.73 billion, and revenues of $15.42 billion. b. Compare the enterprise value-to-revenue ratio for United Airlines and Southwest Airlines.c. Which of these comparisons is more meaningful?
Current Attempt in Progress Staples, Inc. is one of the largest suppliers of office products in the United States. Suppose it had net income of $806.0 million and net sales of $26,000.0 million in 2022. Its total assets were $12,000.0 million at the beginning of the year and $14,000.0 million at the end of the year. (a1) What is Staples, Inc.'s asset turnover and profit margin? (Round answers to 2 decimal places, e.g. 15.25 or 15.25%) Asset turnover Profit margin eTextbook and Media Save for Later times % Attempts: 0 of 5 used Submit Answer
Consider the following excerpt of Butterfly Corporation's balance sheet and income statement Use the excerpt of Corporation's balance sheet and its income statement to compute 's profit margin and return on assets for 2022 and 2023. Comment on Butterfly's profitability and changes in profitability from 2022 to 2023 . Butterfly's total assets at the end of were $169,000 million. (in millions) 2023 2022 Sales $67,000 $66,000 Cost of Goods Sold 34,000 33,700 Gross Profit 33,000 32,300 Selling, General, and Administrative Expenses 15,000 15,100 Research and Development Expense 7,500 7,700 Interest Expense 190 185 Earnings before Taxes 10,310 9,315 Income Tax Expense 3,100 3,000 Net Income $7,210 $6,315 Assets (dollars in millions) 2023 2022 Current Assets Cash and Cash Equivalents $20,000 $28,000 Marketable Securities 7,900 2,900 Accounts Receivable…
For its fiscal year ending on June 30, 2018, Microsoft reported net income of $12.96 billion from sales of $112.97 billion. The company also reported total assets of $245.56 billion. a. Calculate Microsoft's total asset turnover and its net profit margin. b. Find the company's ROA, ROE, and book value per share, given that it has a total net stockolders' equity of $75.89 billion and 6.86 billion shares of common stock outstanding. a. Microsoft's total asset turnover is (Round to two decimal places.)
Coke and Pepsi are well-known international brands. Coca-Cola Co. sells more than $34.5 billion each year while annual sales of PepsiCo products exceed $66 billion. Compare the two companies as a potential investment based on the following ratios as reported by csimarket.com for the twelve months ended September 27, 2019: Ratio PepsiCo a. Gross profit percentage Coca-Cola 61.30% 22.70% b. Net profit margin 55.00% 18.00% e. EPS $ 1.66 $ 8.82 d. Inventory turnover ratio 4.20 8.30 e. Current ratio 0.62 0.95 f. Debt-to-assets 0.76 0.82 9. P/E ratio 32.50 15.50 Required: 1. For each ratio listed, indicate whether it would be used to compare profitability, liquidity, or solvency, or whether it is not applicable (NA) to comparing companies. a. Gross profit percentage b. Net profit margin C. EPS d. Inventory turnover ratio e. Current ratio f. Debt-to-assets 9. P/E ratio
4 Office Depot, Inc. is one of the largest suppliers of office products in the United States. Suppose it had net income of $738.7 million and sales of $25,000 million in 2018. Its total assets were $13,073.1 million at the beginning of the year and $13,717.3 million at the end of the year. What is Office Depot, Inc.’s (a) asset turnover and (b) profit margin? (Round to two decimals.) Provide a brief interpretation of your results.
Quantitative Problem 1: Beasley Industries' sales are expected to increase from $4 million in 2017 to $5 million in 2018, or by 25%. Its assets totaled $2 million at the end of 2017. Beasley is at full capacity, so its assets must grow in proportion to projected sales. At the end of 2017, current liabilities are $720,000, consisting of $140,000 of accounts payable, $350,000 of notes payable, and $230,000 of accrued liabilities. Its profit margin is forecasted to be 4%, and its dividend payout ratio is 50%. Using the AFN equation, forecast the additional funds Beasley will need for the coming year. Do not round intermediate calculations. Enter your answer in dollars. For example, an answer of $2 million should be entered as 2,000,000. Round your answer to the nearest dollar
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