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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 $927.5 million and sales
Staples, Inc. is one of the largest suppliers of office products in the United States. Suppose it had net income of $927.5 million and sales of $22,993.4 million in 2022. Its total assets were $13,000.5 million at the beginning of the year and $14,050.5 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 %
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