Solved: Staples inc is one of the largest suppliers of office, Accounting Basics

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Staples inc is one of the largest suppliers of office

1. Staples, Inc. is one of the largest suppliers of office products in the United States. It had net income of $738.7 million and sales of $24,275.5 million in 2009. 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 ratio and

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

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Accounting Basics: Staples inc is one of the largest suppliers of office

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