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 adopted from Staples’ financial statements as of January 29, 2011 and January 30, 2010:

a. Determine the missing data indicated for (1) and (2).
b. Using the income statement data for 2011, determine the amount of net income orloss.

Transcribed Image Text:

2011 (in thousands) 2010 (in thousands) Total assets Total liabilities Total stockholders' equity Sales Cost of goods sold Selling and administrative expenses Other expense (net) Income tax expense $13,717334 6,945,448 $13,911,667 6,943,710 24,545,113 17,938,958 4,913,188 342,993 468,026