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Staples Balance Sheet Assets Inventory Receivables Other current Assets $458,355 $1,124,642 $203,143 Total Current Assets $1,786,140 Fixed Assets $852,722 Total Assets Total Liabilities Equity $2,638,862 Liabilities and Equity Current Liabilities Long-term Debt $982,480 1998 561,897 $1,544,377 1,094,485 $2,638,862 $1,340,432 $221,836 $501,832 $2,064,100 $1,115,166 $3,179,266 $1,265,332 $1,522,380 1,656,886 $3,179,266 1999 257,048 Staples Income Statement Sales Lest Cost of Sales Gross Profit Less: Operating Expense Operating Income Interest Income before taxes Less: Taxes Net Income 1998 1999 5,732,145 7,123,189 4,377,690 5,396,923 $1,354,45 $1,726,26 1,076,793 1,402,635 $277,662 $323,631 21,955 17,37 255,707 306,261 87,793 120,891 $167,914 $185,370

Staples Balance Sheet Assets Inventory Receivables Other current Assets $458,355 $1,124,642 $203,143 Total Current Assets $1,786,140 Fixed Assets $852,722 Total Assets Total Liabilities Equity $2,638,862 Liabilities and Equity Current Liabilities Long-term Debt $982,480 1998 561,897 $1,544,377 1,094,485 $2,638,862 $1,340,432 $221,836 $501,832 $2,064,100 $1,115,166 $3,179,266 $1,265,332 $1,522,380 1,656,886 $3,179,266 1999 257,048 Staples Income Statement Sales Lest Cost of Sales Gross Profit Less: Operating Expense Operating Income Interest Income before taxes Less: Taxes Net Income 1998 1999 5,732,145 7,123,189 4,377,690 5,396,923 $1,354,45 $1,726,26 1,076,793 1,402,635 $277,662 $323,631 21,955 17,37 255,707 306,261 87,793 120,891 $167,914 $185,370

Financial Accounting: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter9: Current Liabilities, Contingencies, And The Time Value Of Money
Section: Chapter Questions
Problem 9.9E
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How can I calculate using a financial indicator, which of the companies has the greatest possibility of obtaining more money borrowed from a bank?

 

Staples Balance Sheet Assets Inventory Receivables Other current Assets $458,355 $1,124,642 $203,143 Total Current Assets $1,786,140 Fixed Assets $852,722 Total Assets Liabilities and Equity Current Liabilities Long-term Debt Total Liabilities Equity $2,638,862 $982,480 1998 561,897 $1,544,377 1,094,485 $2,638,862 $1,340,432 $221,836 $501,832 $2,064,100 |$1,115,166 $3,179,266 $1,265,332 $1,522,380 1,656,886 $3,179,266 1999 257,048 Staples Income Statement Sales Lest Cost of Sales Gross Profit Less: Operating Expense Operating Income Interest Income before taxes Less: Taxes Net Income 1998 1999 |5,732,145 | 7,123,189 4,377,690 5,396,923 ||$1,354,45|$1,726,26 1,076,793 1,402,635 $277,662 $323,631 21,955 17,37 255,707 306,261 87,793 120,891 $167,914 $185,370
Transcribed Image Text:Staples Balance Sheet Assets Inventory Receivables Other current Assets $458,355 $1,124,642 $203,143 Total Current Assets $1,786,140 Fixed Assets $852,722 Total Assets Liabilities and Equity Current Liabilities Long-term Debt Total Liabilities Equity $2,638,862 $982,480 1998 561,897 $1,544,377 1,094,485 $2,638,862 $1,340,432 $221,836 $501,832 $2,064,100 |$1,115,166 $3,179,266 $1,265,332 $1,522,380 1,656,886 $3,179,266 1999 257,048 Staples Income Statement Sales Lest Cost of Sales Gross Profit Less: Operating Expense Operating Income Interest Income before taxes Less: Taxes Net Income 1998 1999 |5,732,145 | 7,123,189 4,377,690 5,396,923 ||$1,354,45|$1,726,26 1,076,793 1,402,635 $277,662 $323,631 21,955 17,37 255,707 306,261 87,793 120,891 $167,914 $185,370
Office Depot Balance Sheet Assets Current assets: Cash and cash equivalents Short-term investments Receivables Merchandise inventory Deferred income taxes Prepaid expenses Current Assets Fixed assets Total Assets Liabilities and Equity Current Liabilities Long-Term Debt Shareholders' equity Liabilities and Equity 1998 704541 10424 721446 1258355 52422 33 2780435 1244848 4025283 1487065 509339 2028879 4025283 1999 218784 0 849478 1436879 68279 58 2631052 1645131 4276183 1944045 424418 1907720 4276183 Office Depot Income Statement Sales Lest Cost of Sales Gross Profit Less: Operating expense Operating Income Interest Income before taxes Less: Net 1998 1999 8997738 10263280 6484464 7450310 2513274 2812970 2108515 2399697 404759 22356 413379 26148 382403 387225 149207 129585 233196 257638
Transcribed Image Text:Office Depot Balance Sheet Assets Current assets: Cash and cash equivalents Short-term investments Receivables Merchandise inventory Deferred income taxes Prepaid expenses Current Assets Fixed assets Total Assets Liabilities and Equity Current Liabilities Long-Term Debt Shareholders' equity Liabilities and Equity 1998 704541 10424 721446 1258355 52422 33 2780435 1244848 4025283 1487065 509339 2028879 4025283 1999 218784 0 849478 1436879 68279 58 2631052 1645131 4276183 1944045 424418 1907720 4276183 Office Depot Income Statement Sales Lest Cost of Sales Gross Profit Less: Operating expense Operating Income Interest Income before taxes Less: Net 1998 1999 8997738 10263280 6484464 7450310 2513274 2812970 2108515 2399697 404759 22356 413379 26148 382403 387225 149207 129585 233196 257638
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I don´t undertand why Office Depot has the greatest possibility if the Debt ratio is higher which means that the company has a higher indebtedness?? Sorry is my first course  =(

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