Business

Arielle Schroeder

4 September, 21:50

Following are selected accounts for Staples, Inc., for the fiscal year ended January 30, 2016 (a) Indicate whether each account appears on the balance sheet (B) or income statement (I). Staples, Inc. ($ millions) Amount Classification Sales $21,059 Answer I Accumulated depreciation 4,375 Answer B Depreciation expense 388 Answer I Retained earnings 6,900 Answer I Net income 379 Answer I Property, plant & equipment, net 1,586 Answer B Selling, general and admin expense 4,600 Answer I Accounts receivable 1,899 Answer B Total liabilities 4,788 Answer B Stockholders' equity 5,384 Answer B (b) Using the data, compute total assets and total expenses. Total Assets Answer Total Expenses Answer