Current Attempt in ProgressStaples, Inc. is one of the largest suppliers of office products in the United States. Suppose it had net income of $806.0 million and netsales 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 endof 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 turnoverProfit margineTextbook and MediaSave for Latertimes%Attempts: 0 of 5 used Submit Answer

Step 1:Asset Turnover: We know that, Asset Turnover is calculated as:Asset Turnover=Average Total…

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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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…
Solvency and Profitability Trend Analysis Addai Company has provided the following comparative information: 20Υ8 20Y7 20Υ6 20Y5 20Υ4 Net income $273,406 $367,976 $631,176 $884,000 $800,000 Interest expense 616,047 572,003 528,165 495,000 440,000 Income tax expense 31,749 53,560 106,720 160,000 200,000 Total assets (ending balance) 4,417,178 4,124,350 3,732,443 3,338,500 2,750,000 Total stockholders' equity (ending balance) 3,706,557 3,433,152 3,065,176 2,434,000 1,550,000 Average total assets 4,270,764 3,928,396 3,535,472 3,044,250 2,475,000 Average total stockholders' equity 3,569,855 3,249,164 2,749,588 1,992,000 1,150,000 You have been asked to evaluate the historical performance of the company over the last five years. Selected industry ratios have remained relatively steady at the following levels for the last five years: 20Υ4-2ΟY8 Return on total assets 28% Return on stockholders' equity 18% Times interest earned 2.7 Ratio of liabilities to stockholders' equity 0.4 Required: 1.…
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
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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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