Reference no: EM13257713
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)
Income taxexpense 497,972
- Determine the missing data indicated for (1) and(2).
- Using the income statement data for 2007, determine the amountof net income or loss.
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