Staples, Inc. (SPLS) 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 adapted from recent financial statements of Staples:

	Year 2 (in millions)	Year 1 (in millions)
Total assets	$8,271		$10,172
Total liabilities	(1)		4,788
Total stockholders' equity	3,696		(2)
Sales	18,247
Cost of goods sold	13,489
Operating expenses	4,967
Other expense (net)	143
Income tax expense	107

Enter all amounts as positive numbers.

a. Determine the missing data indicated for (1) and (2).

Total liabilities for Year 2
Total stockholders' equity for Year 1

b. Using the income statement data for Year 2, determine the amount of net income or net loss.

Net income Net loss Net income

millions

Staples, Inc. (SPLS) 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 adapted from recent financial statements of Staples:

	Year 2 (in millions)	Year 1 (in millions)
Total assets	$8,271		$10,172
Total liabilities	(1)		4,788
Total stockholders' equity	3,696		(2)
Sales	18,247
Cost of goods sold	13,489
Operating expenses	4,967
Other expense (net)	143
Income tax expense	107

Enter all amounts as positive numbers.

a. Determine the missing data indicated for (1) and (2).

Total liabilities for Year 2
Total stockholders' equity for Year 1

b. Using the income statement data for Year 2, determine the amount of net income or net loss.

Net income Net loss Net income

millions