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Please explain how the net sales is calculated I dont understand where the number comes from-thank you! Forecasting an Income Statement Abercrombie & Fitch reports

Please explain how the net sales is calculated I dont understand where the number comes from-thank you!

Forecasting an Income Statement Abercrombie & Fitch reports the following income statements.

Income Statement, For Fiscal Years Ended ($ thousands) Jan. 29, 2011 Jan. 30, 2010 Jan. 31, 2009
Net sales $ 3,468,777 $ 2,928,626 $ 3,484,058
Cost of goods sold 1,256,596 1,045,028 1,152,963
Gross profit 2,212,181 1,883,598 2,331,095
Stores and distribution expense 1,589,501 1,425,950 1,436,363
Marketing, general and administrative expense 400,804 353,269 405,248
Other operating income, net (10,056) (13,533) (8,778)
Operating income 231,932 117,912 498,262
Interest expense (income), net 3,362 (1,598) (11,382)
Income from continuing operations before taxes 228,570 119,510 509,644
Tax expense from continuing operations 78,287 40,557 201,475
Net income from continuing operations 150,283 78,953 308,169
Loss from discontinued operations, net of tax -- (78,699) (35,914)
Net income $ 150,283 $ 254 $ 272,255

Forecast Abercrombie & Fitch's fiscal 2012 income statement assuming the following income statement relations. All percentages, other than sales growth and provision for income taxes, are based on percent of net sales.

Net Sales growth 10%
Cost of Goods Sold/Net sales 36%
Stores and distribution expense/Net sales 46%
Marketing, general and adminstrative expense/Net sales 12%
Other operating income, net 10,056
Interest Expense (Income),net 3,362
Tax expense from continuing operations (% of pretax income) 34 %
Net loss from discontinued operations (net of taxes) 0

Instructions: Round answers to the nearest whole number. Do not use negative signs with your answers. Remember to use rounded forecasted net sales with subsequent calculations.

Forecasted Income Statement, For Fiscal Years Ended ($ thousands) 2011 2012
Net sales $3,468,777 $Answer
Cost of goods sold 1,256,596 Answer
Gross profit 2,212,181 Answer
Stores and distribution expense 1,589,501 Answer
Marketing, general and administrative expense 400,804 Answer
Other operating income, net 10,056 Answer
Operating income 231,932 Answer
Interest expense (income), net 3,362 Answer
Income from continuing operations before taxes 228,570 Answer
Tax expense from continuing operations 78,287 Answer
Net income from continuing operations 150,283 Answer
Net loss from discontinued operations (net of tax) 0 Answer
Net Income $ 150,283

Answer

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