Brief Exercise 13-13

Staples, Inc. is one of the largest suppliers of office products in the United States. Suppose it had net income of $651 million and sales of $23,401 million in 2017. Its total assets were $13,301 million at the beginning of the year and $14,151 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, e.g. 1.25 and profit margin to 1 decimal place, e.g. 2.5%.)

(a) Asset turnover

times

(b) Profit margin

%

Brief Exercise 13-13 Staples, Inc. is one of the largest suppliers of office products in the United States. Suppose it had net income of $651 million and sales of $23,401 million in 2017. Its total assets were $13,301 million at the beginning of the year and $14,151 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, e.g. 1.25 and profit margin to 1 decimal place .g.2.5%.) times a) Asset turnover b) Profit margin lick if you would like to Show Work for this question: 9pen Show Work