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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 $747,60mil ion and sales
Staples, Inc. is one of the largest suppliers of office products in the United States. Suppose it had net income of $747,60mil ion and sales of $24,920.0 million in 2022. Its total assets were $14,000million at the beginning of the year and $14,000milli. the year. What is Staples, Inc's (a) asset turnover and (b) profit margin? (Round asset turnover to 2 decimal places, eg. 1.25 and profit margin to 1 decimal place, es. 2.5%. (a) Asset turnover times (b) Profitmargin %
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