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…

Answered: Current Attempt in Progress Staples,…

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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Same with this one: A project that increased sales was accompanied by $60,000 increase in inventory, a $25,000 increase in trade accounts receivable, and a $18,000 increase in trade accounts payable. Assuming these amounts remain constant, by how much has net working capital changed? Is it an increase or decrease in NWC? my solution = correct? Net Working Capital NWC= (current assets) -(current liabilities) NWC= (cash + cash equivalent) +( Marketable Investments)+ (trade accounts receivable) + (inventory) - (trade accounts payable) an increase in NWC leads to a decrease of cash flow Inventory $60,000 Trade accounts receivable $25,000 $85,000 trade accounts payable -$18,000 change in NWC $67,000 increase in NWC
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Buzzy Manufacturing Company has P2 billion in sales and P0.6 billion in fixed assets. Currently, the company’s fixed assets are operating at 80% of capacity. What level of sales could Buzzy have obtained if it have been operating at full capacity? What is Buzzy’s target fixed assets to sales ratio? If Buzzy’s sales increased by 30%, how large is the increase in fixed assets will the company need to meet its target fixed assets to sales?
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1 Last year Baron Enterorises had $350 million of sales, and it had $270 million of fixed assets that were used at 65% of capacity last year. In millions, by how much could Baron's sales increase before it is required to increase its fixed assets? Answer $170.09 S179.04 S188.46 S197.88 $207.78
Williamson Industries has $3 billion in sales and $2.826 billion in fixed assets. Currently, the company's fixed assets are operating at 90% 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 13%, 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 $
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Loreto Inc. has the following financial ratios: asset turnover = 2.40; net profit margin (i.e., net income/sales) = 5%; payout ratio = 30%; equity/assets = 0.40. a. What is Loreto's sustainable growth rate? b. What is its internal growth rate?
4 Office Depot, Inc. is one of the largest suppliers of office products in the United States. Suppose it had net income of $738.7 million and sales of $25,000 million in 2018. 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 Office Depot, Inc.’s (a) asset turnover and (b) profit margin? (Round to two decimals.) Provide a brief interpretation of your results.
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