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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 $828.4 million and sales
Staples, Inc. is one of the largest suppliers of office products in the United States. Suppose it had net income of $828.4 million and sales of $23,668.4 million in 2014. Its total assets were $13,141.4 million at the beginning of the year and $13,908.2 million at the end of the year. What is Staples, Inc.s asset turnover and profit margin? (Round asset turnover to 2 decimal places, e.g. 1.25 and profit margin to 1 decimal place, e.g. 2.5%.)
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