Business, 05.02.2021 21:30 thetulipfox

Following are selected accounts for Staples, Inc., for the fiscal year ended February 2, 2013. a. Indicate whether each account appears on the balance sheet (B) or income statement (I).

Staples, Inc. ($ millions) Amount Classification
Sales $24,381 I
Accumulated depreciation 4,067 B
Depreciation expense 408 I
Retained earnings 6,694 B
Net income (loss) (211) I
Property, plant 6,030 B
Selling, general and admin expense 4,884 I
Accounts receivable 1,816 B
Total liabilities 6,144 B
Stockholders' equity 6,136 B

b. Using the data, compute total assets and total expenses.
c. Compute net profit margin (net income/sales) and total liabilities-to-equity ratio (total liabilities/stockholders' equity).

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Following are selected accounts for Staples, Inc., for the fiscal year ended February 2, 2013. a. I...

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