Staples, Inc. is one of the largest suppliers of office products in the United States. It had a net income of $995.7 million and sales of $19,372.7 million in 2007. Its total assets were $8,397.3 million at the beginning of the year and $9,036.3 million at the end of the year. What is Staples, Inc.'s (a) asset turnover ratio and (b) profit margin ratio?

Staples, Inc. is one of the largest suppliers of office products in the United States. It had a net income of $995.7 million and sales of $19,372.7 million in 2007. Its total assets were $8,397.3 million at the beginning of the year and $9,036.3 million at the end of the year. What is Staples, Inc.'s (a) asset turnover ratio and (b) profit margin ratio?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Staples, Inc. is one of the largest suppliers of office products in the United States. Suppose it had net income of $790 million and sales of $23,900 million in 2022. Its total assets were $14,500 million at the beginning of the year and $15,650 million at the end of the year. What is Staples, Inc.’s (a) asset turnover and (b) profit margin? (Round answers to 2 decimal places, e.g. 1.25.) (a) Asset turnover enter asset turnover in times rounded to 2 decimal places times (b) Profit margin Enter profit margin in percentages rounded to 1 decimal place %
The Carlo Company’s Household Products Division reported in 2007 sales of P15,000,000, an asset turnover ratio of 3.0, and a rate of return on average assets of 18 percent. Question: What is the percentage of net income to sales?
Crane reported the following information for its fiscal year end: On net sales of $ 53.000 billion, the company earned net income after taxes of $ 7.155 billion. It had a cost of goods sold of $ 21.465 billion and EBIT of $ 9.275 billion. What are the company’s gross profit margin, operating profit margin, and net profit margin? (Round answers to 1 decimal place, e.g.12.5%.) Gross profit margin % Operating profit margin % Net profit margin %
Pharoah reported the following information for its fiscal year end: On net sales of $56.600 billion, the company earned net income after taxes of $6.792 billion. It had a cost of goods sold of $24.055 billion and EBIT of $9.622 billion. What are the company’s gross profit margin, operating profit margin, and net profit margin? (Round answers to 1 decimal place, e.g.12.5%.) Gross profit margin % Operating profit margin % Net profit margin %
Last year, Triangular Resources earned $4.6 million in net operating income and had an operating profit margin of 20.5 percent. If the firm’s total asset turnover ratio was 1.53, what was the firm’s investment in total assets?
(Profitability analysis) Last year Triangular Resources earned $4.6 million in net operating income and had an operating profit margin of 19.7 percent. If the firm's total asset turnover ratio was 1.56, what was the firm's investment in total assets? The company's total assets are $ million. (Round to one decimal place.)
Question :) Staples, Inc. is one of the largest suppliers of office products in the United States. Suppose it had net income of $790 million and sales of $23,900 million in 2022. Its total assets were $14,500 million at the beginning of the year and $15,650 million at the end of the year. What is Staples, Inc.'s (a) asset turnover and (b) profit margin? (Round answers to 2 decimal places, e.g. 1.25.) (a) Asset turnorer enter-asset-turnever in timesTounded to 2 decimal places (b) Profit margin Enter profit margin in percentages rounded to 1 decimal place % times
Ramala Corp's sales last year were $48,000, and its total assets were $25,500. What was its total assets turnover ratio (TATO)?
In its 2017 annual report, Campbell Soup Company reports beginning-of-the-year total assets of $7,837 million, end-of-the-year total assets of $7,726 million, total sales of $7,890 million, and net income of $887 million. (a) Compute Campbell’s asset turnover. (b) Compute Campbell’s profit margin on sales. (c) Compute Campbell’s return on assets using (1) asset turnover and profit margin and (2) net income. (Round to two decimal places.)
Calculating ROA and Its Components. Nucor, a steel manufacturer, reported net income for 2008 of $1,831 million on sales of $23,663 million. Interest expense for 2008 was $135 million, and noncontrolling interest was $314 million for 2008. The income tax rate is 35%. Total assets were $9,826 million at the beginning of 2008 and $13,874 million at the end of 2008. Compute the rate of ROA for 2008 and disaggregate ROA into profit margin for ROA and assets turnover components.
Chamberlain & Co. has income from operations of $232,800, invested assets of $970,000, and sales of $3,880,000. Use the Dupont formula to compute the return on investment and show a) the profit margin b) the investment turnover, and c) the return on investment.
Jefferson Memorial Hospital is an investment center as a division of Hospitals United. During the past year, Jefferson reported an after-tax income of $7 million. Total interest expense was $3,400,000, and the hospital tax rate was 30%. Total assets totaled $70.3 million, and non-interest-bearing current liabilities were $23,300,000. The required rate of return established by Jefferson is equal to 17% of invested capital. What is the residual income of Jefferson Memorial Hospital? Enter your answer in whole dollar.