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…

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 $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 %
(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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Using the data in the following table for a number of firms in the same industry, do the following: Firm (in Millions of Dollars) A B C D Sales $15 $10 $15 $30 Net income after tax 1.75 0.50 2.00 1.50 Total assets 6.0 18.0 8.0 15.5 Stockholders' equity 13.0 10.0 6.0 5.0 Compute the total asset turnover, the net profit margin, the equity multiplier, and the return on equity for each firm. Round your answers to two decimal places. A B C D Total Asset Turnover x x x x Net Profit Margin Equity Multiplier x x x x Return on Equity Evaluate each firm’s performance by comparing the firms with one another. Which firm has the lowest total asset turnover value?-Select-Firm AFirm BFirm CFirm DItem 17Which firm has the lowest net profit margin value?-Select-Firm AFirm BFirm CFirm DItem 18Which firm has the lowest equity multiplier value?-Select-Firm AFirm BFirm CFirm DItem 19Which firm has the lowest return on equity value?-Select-Firm…
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