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M Connect Post Lecture HW Saved Help Save & Exit Submit Check my work P5-5 (Static) Preparing a Classified (Multiple-Step) Income Statement and Interpreting the
M Connect Post Lecture HW Saved Help Save & Exit Submit Check my work P5-5 (Static) Preparing a Classified (Multiple-Step) Income Statement and Interpreting the Gross Profit Percentage L05-3 Aeropostale, Inc., is a mall-based specialty retailer of casual apparel and accessories. The company concept is to provide the customer with a focused selection of high-quality, active-oriented foshions at compelling values. The items reported on its income statement an earlier year (ended March 31) are presented here (dollars in thousands) in simplified form in alphabetical order: Cost of goods sold Interest expense Net revenue Other selling, general, and administrative expenses Provision for income taxes Weighted average shares outstanding $1,733,916 417 2,342,260 494,829 43,583 81,208 Required: a. Prepare a classified (multiple-step) consolidated Income statement (showing gross profit, operating income, and income before Income taxes). Include a presentation of basic earnings per share. b. What is the gross profit percentage? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a classified (multiple-step) consolidated income statement (showing gross profit, operating income, and income One II South Bend Agnments FAW NIRU TU IAL ACCOUNTING! M Connect Post Lecture HW Saved Help Save & Exit Submit Check my work Prepare a classified (multiple-step) consolidated income statement (showing gross profit, operating income, and income before income taxes). Include a presentation of basic earnings per share. (Enter your answers in thousands not in dollars. Round "Basic eamings per share" to 2 decimal places.) AEROPOSTALE, INC., Consolidated Income Statement (In Thousands Except per Share Amounts) Earnings per share: Basic earnings per share Weighted average shares outstanding 11 W er 05 Post Lecture HW 1 Check my work 1 Net revenue Other selling, general, and administrative expenses Provision for income taxes Weighted average shares outstanding 2,342,260 494,829 43,583 81,208 Required: a. Prepare a classified (multiple-step) consolidated income statement (showing gross profit, operating income, and income before income taxes). Include a presentation of basic earnings per share. b. What is the gross profit percentage? Book Print Complete this question by entering your answers in the tabs below. References Required 1 Required 2 What is the gross profit percentage? (Round your answer to nearest whole percent Sie...0.1234 should be entered as 12:....... Gross profit percentage
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