Current Attempt in ProgressStaples, Inc. is one of the largest suppliers of office products in the United States. Suppose it had net income of $806.0 million and netsales of $26,000.0 million in 2022. Its total assets were $12,000.0 million at the beginning of the year and $14,000.0 million at the endof 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 turnoverProfit margineTextbook and MediaSave for Latertimes%Attempts: 0 of 5 used Submit Answer

Step 1:Asset Turnover: We know that, Asset Turnover is calculated as:Asset Turnover=Average Total…

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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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 %
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
Williamson Industries has $4 billion in sales and $1.774 billion in fixed assets. Currently, the company's fixed assets are operating at 95% of capacity. a. What level of sales could Williamson Industries have obtained if it had been operating at full capacity? Enter your answer in billions of dollars. Round your answer to five decimal places. $ billion b. What is Williamson's target fixed assets/sales ratio? Do not round intermediate calculations. Round your answer to two decimal places. % c. If Williamson's sales increase 15%, how large of an increase in fixed assets will the company need to meet its target fixed assets/sales ratio? Enter your answer in billions of dollars. Negative value should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to five decimal places. $ billion
Kk.1. Williamson Industries has $6 billion in sales and $1.709 billion in fixed assets. Currently, the company's fixed assets are operating at 95% of capacity. What level of sales could Williamson Industries have obtained if it had been operating at full capacity? Enter your answer in billions of dollars. Round your answer to five decimal places. $ billion What is Williamson's target fixed assets/sales ratio? Do not round intermediate calculations. Round your answer to two decimal places. % If Williamson's sales increase 14%, how large of an increase in fixed assets will the company need to meet its target fixed assets/sales ratio? Enter your answer in billions of dollars. Negative value should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to five decimal places. $ billion
Earleton Manufacturing Company has $3 billion in sales and$787,500,000 in fixed assets. Currently, the company’s fixed assets are operating at 80% ofcapacity.a. What level of sales could Earleton have obtained if it had been operating at fullcapacity?b. What is Earleton’s target fixed assets/sales ratio?c. If Earleton’s sales increase 30%, how large of an increase in fixed assets will thecompany need to meet its target fixed assets/sales ratio?
Target in 2017 reported net income of $2,934 billion, net sales of $71,879 billion, and average total assets of $38,215 billion. What is Target’s asset turnover? What is Target’s return on assets?
Walter Industries has $5 billion in sales and $1.7 billion in fixed assets. Currently, the company’s fixed assets are operating at 90% of capacity. a.What level of sales could Walter Industries have obtained if it had been operating at full capacity? b.What is Walter’s Target fixed assets/Sales ratio? c.If Walter’s sales increase 12%, how large of an increase in fixed assets will the company need to meet its Target fixed assets/Sales ratio?
Walter Industries has $5 billion in sales and $1.7 billion in fixed assets. Currently, the company’s fixed assets are operating at 90% of capacity. What level of sales could Walter Industries have obtained if it had been operating at full capacity? b.What is Walter’s Target fixed assets/Sales ratio? c.If Walter’s sales increase 12%, how large of an increase in fixed assets will the company need to meet its Target fixed assets/Sales ratio?
Asset Turnover in 2021 was 3.0 x. Company sales increased by 25% in 2022 and average total assets decreased by 5%.What is the asset turnover in 2022?
(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.)
Your company has net sales revenue of $43 million during the year. At the beginning of the year, fixed assets are $15 million. At the end of the year, fixed assets are $17 million. What the fixed asset turnover ratio? Multiple Choice 2.87 1.34 2.53 269
Using the data in the following table for a number of firms in the same industry, do the following: Firm (in Millions of Dollars) A B C D Sales $15 $10 $15 $30 Net income after tax 1.75 0.50 2.00 1.50 Total assets 6.0 18.0 8.0 15.5 Stockholders' equity 13.0 10.0 6.0 5.0 Compute the total asset turnover, the net profit margin, the equity multiplier, and the return on equity for each firm. Round your answers to two decimal places. A B C D Total Asset Turnover x x x x Net Profit Margin Equity Multiplier x x x x Return on Equity Evaluate each firm’s performance by comparing the firms with one another. Which firm has the lowest total asset turnover value?-Select-Firm AFirm BFirm CFirm DItem 17Which firm has the lowest net profit margin value?-Select-Firm AFirm BFirm CFirm DItem 18Which firm has the lowest equity multiplier value?-Select-Firm AFirm BFirm CFirm DItem 19Which firm has the lowest return on equity value?-Select-Firm…

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