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).

b. Using the following 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).

Transcribed Image Text:

($ millions) Sales.... Accumulated depreciation.. Depreciation expense.. Retained earnings Net income.... Property, plant & equipment, net Selling, general & administrative expense Accounts receivable.... Total liabilities.... Stockholders' equity .. Amount $24,381 4,067 408 6,694 (211) 6,030 4,884 1,816 6,144 6,136 Classification