AN Staples, Inc. is one of the largest suppliers of office products in the United States. Suppose

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AN Staples, Inc. is one of the largest suppliers of office products in the United States. Suppose it had net income of $738.7 million and net sales of $24,275.5 million in 2022. Its total assets were $13,073.1 million at the beginning of the year and $13,717.3 million at the end of the year. What is Staples, Inc.’s 

(a) Asset turnover 

(b) Profit margin? (Round to two decimals.) Provide a brief interpretation of your results.

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Financial Accounting

ISBN: 9781119594598

11th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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