Question :)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 thebeginning 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 turnorer enter-asset-turnever in timesTounded to 2 decimal places(b) Profit margin Enter profit margin in percentages rounded to 1 decimal place %times

As A part is scratched of so we are answering only B part based on given data.

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

Section: Chapter Questions

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

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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 %
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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.
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
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 $964.1 million and sales 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 end of 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 profit margin to 1 decimal place, e.g. 2.5%.) (a) Asset turnover (b) Profit margin times %
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(Profitability analysis) Last year Triangular Resources earned $4.6 million in net operating income and had an operating profit margin of 19.7 percent. If the firm's total asset turnover ratio was 1.56, what was the firm's investment in total assets? The company's total assets are $ million. (Round to one decimal place.)
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