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Abercrombie & Fitch reports the following fiscal year income statements. Forecast Abercrombie & Fitch's 2007 income statement assuming the following income statement relations ($ 000s);

Abercrombie & Fitch reports the following fiscal year income statements.

Forecast Abercrombie & Fitch's 2007 income statement assuming the following income statement relations ($ 000s); cost of goods sold can be inferred as sales minus gross profit, and assume no change for all other accounts not listed below.

Net sales growth

37.8%

Gross profit margin

66.5%

Stores and distribution expenses/Net sales

35.9%

Marketing, general and administrative expense/Net sales

11.3%

Other operating income, net/Net sales

-0.2%

Provision for income taxes/Income before income taxes

39.2%

Interest income, net

no change

What is the forecasted net income for 2007?

Select one:

A. $3,837,332,000

B. $333,986,000

C. $126,246,000

D. $459,012,000

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