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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 $738.7 million and net sales of $24,275.5 million in 2022. 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. (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 times % 4

Staples, Inc. is one of the largest suppliers of office products in the United States. Suppose it had net income of $738.7 million and net sales of $24,275.5 million in 2022. 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. (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 times % 4

FINANCIAL ACCOUNTING
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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Staples, Inc. is one of the largest suppliers of office products in the United States. Suppose it had net income of $738.7 million and net sales of $24,275.5 million in 2022. 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. (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 15 used Submit Answer
Transcribed Image Text:Staples, Inc. is one of the largest suppliers of office products in the United States. Suppose it had net income of $738.7 million and net sales of $24,275.5 million in 2022. 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. (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 15 used Submit Answer
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