Question

$23.401 Staples , Inc. is one of the largest suppliers of office products in the United States . Suppose it had net income of $ 620 million and sales of million in 2017. Its total assets were $ 12,700 million at the beginning of the year and million at the end of the year . What is Staples , Inc's asset turnover and ( b ) profit margin ? ( Round asset turnover to 2 decimal places , eg . 1.25 and profit margin to 1 decimal place , eg . \$13,850 s(a) ( a ) Asset turnover times ( b ) Profit margin

Answer 1

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