Staples, Inc., is a leading office products distributor, with retail stores in the United States, Canada, Asia, Europe, and South America. The following financial statement data were taken from...

Staples, Inc., is a leading office products distributor, with retail stores in the United States, Canada, Asia, Europe, and South America. The following financial statement data were taken from Staples’ financial statements as of January 29, 2005 and 2004: 2005 2004 (in thousands) (in thousands) Total assets $ 7,071,448 $6,503,046 Total liabilities (1) 2,840,146 Total stockholders’ equity 4,115,196 (2) Retained earnings 2,818,163 2,209,302 Sales $14,448,378 Cost of goods sold 10,343,643 Operating and other expenses 2,989,163 Income tax expense 407,184 a. Determine the missing data indicated for (1) and (2). b. Using the income statement data for 2005, determine the amount of net income or loss. c. Did Staples pay any dividends to stockholders during 2005? [Hint: Compare the change in retained earnings to your answer for (b).]



May 26, 2022
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