Identifying and Classifying Balance Sheet and Income Statement Accounts 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).

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

(b) Using the data, compute total assets and total expenses.

Total Assets	= $Answer
Total Expenses	= $Answer

(c) Compute net profit margin (net income/sales) and total liabilities-to-equity ratio (total liabilities/stockholders' equity). (Round your answers to two decimal places.)

Net Profit Margin	= Answer
Total Liabilities-to-Equity Ratio	= Answer