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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
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 $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, e.g. 1.25 and profit margin to 1 decimal place, e.g. 1.2%.) (a) Your answer is partially correct. (b) Asset turnover Profit margin 3 times %
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