Staples, Inc. is a leading office products distributor, withretail stores in the

Question

Staples, Inc. is a leading office products distributor, withretail stores in the United States, Canada, Asia, Europe, and SouthAmerica. The following financial statement data were adoptedfrom Staples’ financial statements as of February 3, 2007 andJanuary 28, 2006:

                                                                        2007(inthousands)                       2006 (in thousands)

Totalassets                                                       $ 8,397,265                                        $7,676,589

Totalliabilities                                                           (1)                                                 3,251,118

Total stockholders’equity                                   5,021,665                                                 (2)

Sales                                                                    18,160,789                                        

Cost of goodssold                                              12,966,788

Selling and administrativeexpenses                        3,716,517                        

Other income and(expense)                                  (5,835)

Explanation / Answer

Sales 18,160,789.00 Less : Cost Of Goods sold 12,966,788.00 Administrative & Selling Expenses 3,716,517.00 Other Expenses 5,835.00 Income Tax expense 497,972.00 17,187,112.00 NetIncome 973,677.00 Total Assets 8,397,265.00 Total Stock Holders Equity 5,021,665.00 Toal Liabilities ( 2007) 3,375,600.00 Total Stock holders' Equity( 2006 ) 4,047,988.00 ( 5,021,665-973,667 )

Related Questions

Navigate

• Browse (All)
• Browse S
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.