Question

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

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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