Financial Accounting Staples, Inc. is one of the largest suppliers of office products in the United States. Ithad a net income of $995.7 million and sales of $19,372.7 million in 2007. Its totalassets were $8,397.3 million at the beginning of the year and $9,036.3 million at theend of the year.What is Staples, Inc.'s (a) asset turnover ratio and (b) profit margin ratio?

Step 1: Define Financial RatioFinancial ratios are evaluation tools used internally and externally…

Answered: Staples, Inc. is one of the largest…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

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Problem 6EA: During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of...

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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 $50,000 million in 2020 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.
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Staples, Inc. is one of the largest suppliers of office products in the United States. Suppose it had net income of $790 million and sales of $23,900 million in 2022. Its total assets were $14,500 million at the beginning of the year and $15,650 million at the end of the year. What is Staples, Inc.’s (a) asset turnover and (b) profit margin? (Round answers to 2 decimal places, e.g. 1.25.) (a) Asset turnover enter asset turnover in times rounded to 2 decimal places times (b) Profit margin Enter profit margin in percentages rounded to 1 decimal place %
Naruto Corp.s sales last year were $67,950, and its total assets were $31,400. What was its total assets turnover ratio (TATO)? Please answer this financial accounting problem.
Crane reported the following information for its fiscal year end: On net sales of $ 53.000 billion, the company earned net income after taxes of $ 7.155 billion. It had a cost of goods sold of $ 21.465 billion and EBIT of $ 9.275 billion. What are the company’s gross profit margin, operating profit margin, and net profit margin? (Round answers to 1 decimal place, e.g.12.5%.) Gross profit margin % Operating profit margin % Net profit margin %
Naroto Corp.'s sales last year were $67,950, and its total assets were $31,400. What was its total assets turnover ratio (TATO)? Answer this financial accounting problem.
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What was its total assets turnover ratio?
McDonald’s Corporation reports total average assets of $28.9 billion and net sales of $20.5 billion.What is the company’s asset turnover? (Round answer to 2 decimal places, e.g. 15.25.)
In its 2017 annual report, Campbell Soup Company reports beginning-of-the-year total assets of $7,837 million, end-of-the-year total assets of $7,726 million, total sales of $7,890 million, and net income of $887 million. (a) Compute Campbell’s asset turnover. (b) Compute Campbell’s profit margin on sales. (c) Compute Campbell’s return on assets using (1) asset turnover and profit margin and (2) net income. (Round to two decimal places.)
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.)
Lions Corp's sales last year were $27,000, and its total assets were $16,000. What was its total assets turnover ratio (TATO)?

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