Staples, Inc., is a leading office products distributor, with a total of 1,307 retail stores in the…


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Staples, Inc., is a leading office products distributor, with a total of 1,307 retail stores in the… 1 answer below » Staples, Inc., is a leading office products distributor, with a total of 1,307 retail stores in the United States, Canada, the United Kingdom, the Netherlands, and Portugal. The following financial statement data were taken from Staples’ financial statements as of February3, 2001 and 2000: View complete question » 2001 (in thousands) 2000 in (thousands) Total assets $3,989,413 $3,846,076 Total liabilities (1) 2,017,263 Total stockholders’ equity 1,763,830 (2) Retained earnings 1,008,021 948,309 Sales $10,673,671 & Staples, Inc., is a leading office products distributor, with a total of 1,307 retail stores in the United States, Canada, the United Kingdom, the Netherlands, and Portugal. The following financial statement data were taken from Staples’ financial statements as of February3, 2001 and 2000: 2001 (in thousands) 2000 in (thousands) Total assets $3,989,413 $3,846,076 Total liabilities (1) 2,017,263 Total stockholders’ equity 1,763,830 (2) Retained earnings 1,008,021 948,309 Sales $10,673,671 Cost of goods sold 8,097,166 Operating and other expenses 2,332,320 Income tax expense 184,473 a. Determine the missing data indicated for (1) and (2). b. Using the income statement data for 2001, determine the amount of net income or loss. c. Did Staples pay any dividends to stockholders during 2001? Hint: Compare the change in retained earnings to your answer for (b). View less » Jul 08 2014 12:39 PM

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