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 taken from Staples' financial statements as of January 29, 2005 and 2004:
|
2005
(in thousands)
|
2004
(in thousands)
|
|
Total assets
|
$ 7,071,448
|
$6,503,046
|
|
Total liabilities
|
(1)
|
2,840,146
|
|
Total stockholders' equity
|
4,115,196
|
(2)
|
|
Retained earnings
|
2,818,163
|
2,209,302
|
|
Sales
|
$14,448,378
|
|
|
Cost of goods sold
|
10,343,643
|
|
|
Operating and other expenses
|
2,989,163
|
|
|
Income tax expense
|
407,184
|
|
a. Determine the missing data indicated for (1) and (2).
b. Using the income statement data for 2005, determine the amount of net income or loss.
c. Did Staples pay any dividends to stockholders during 2005?