=+EX 9-26 Discounting notes receivable a. $61,800 Polo Ralph Lauren Corporation designs, markets, and distributes a

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=+EX 9-26 Discounting notes receivable

a. $61,800 Polo Ralph Lauren Corporation designs, markets, and distributes a variety of apparel, home decor, accessory, and fragrance products. The company’s products include such brands as Polo by Ralph Lauren, Ralph Lauren Purple Label, Ralph Lauren, Polo Jeans Co., and Chaps. Polo Ralph Lauren reported the following (in thousands):

For the Period Ending March 31, 2007 April 1, 2006 Net sales $4,295,400 $3,746,300 Accounts receivable 511,900 516,600

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Accounting

ISBN: 978-1111001346

23rd Edition

Authors: Carl S. Warren

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