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Evaluate asset turnover ratio and profit margin ratio

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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.

Reference no: EM13526489

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