Staples, Inc. is one of the largest suppliers of office products in the United States. Suppose it had net income of $660.0 million and net sales of $22,600.0 million in 2025. Its total assets were $13,000 million at the beginning of the year and $14,150 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. 1.2%) (a) Asset turnover (b) Profit margin times %

Staples, Inc. is one of the largest suppliers of office products in the United States. Suppose it had net income of $660.0 million and net sales of $22,600.0 million in 2025. Its total assets were $13,000 million at the beginning of the year and $14,150 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. 1.2%) (a) Asset turnover (b) Profit margin times %

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