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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 $764.2 million and sales
Staples, Inc. is one of the largest suppliers of office products in the United States. Suppose it had net income of $764.2 million and sales of $26,350 million in 2020. Its total assets were $15,000 million at the beginning of the year and $16,000 million at the end of the year. (a1) What is Staples, Inc.s asset turnover and profit margin? (Round answers to 2 decimal places, e.g. 15.25 or 15.25%.)
Asset turnover | times | |
Profit margin | % |
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