Using the data, compute total assets and total expenses. Staples, Inc. ($ millions) Amount Classification Sales ...
Using the data, compute total assets and total expenses.
Staples, Inc. ($ millions) Amount
Classification
Sales $21,059
Accumulated depreciation 4,375
Depreciation expense 388
Retained earnings 6,900
Net income 379
Property, plant & equipment, net
1,586
Selling, general and admin expense
4,600
Accounts receivable 1,899
Total liabilities 4,788
Stockholders' equity 5,384
Homework Answers
Total assets = Total liabilities + Total stockholders’ equity = $4,788 million + $5,384 million = $10,172 million
Total expenses = Sales – Net income = $21,059 million – $379 million = $20,680 million
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Using the data, compute total assets and total expenses.
Staples, Inc. ($ millions) Amount
Classification
Sales ...
E2-31. Identifying and Classifying Balance Sheet and Income Statement Accounts Following are selected accounts for Staples...
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