Staples, Inc. is one of the largest suppliers of office products in the United States. It had net income of $708.4 million and net revenue of $14,448.4 million in 2004.

Its total assets were $6,503.0 million at the beginning of the year and $7,071.4 million at the end of the year. What is Staples, Inc.’s

(a) asset turnover ratio and

(b) profit margin ratio? (Round to two decimals.) Provide a brief interpretation of your results.