Question
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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