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Question: 6. value: 8.00 points Aeropostale, Inc., is a mall-based specialty retailer of casual apparel and accessories. The company concept is to provide the customer
Question: 6. value: 8.00 points 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 fashions at compelling values. The items reported on its income statement for a recent year (ended March 31) are presented here (dollars in thousands) in alphabetical order: Cost of goods sold$1,221,349Interest expense 700Net revenue 2,065,531Other selling, general, and administrative expenses 394,883Provision for income taxes 82,387Weighted average shares outstanding 59,832 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. (Enter your answers in thousands not in dollars. Round "Basic earnings per share" to 2 decimal places.)
Required a. Prepare a classified (multiple-step) consolidlated income statement (show RoundBasic earninggs per share" to 2 decilmal places armings per share. (Enter your answers in thousands not in dollars Consolidated Statement of Income In Thousands Except Per Share Amounts) Total operating expenses Eamings per sharc Basic earnings per Weighted average shares outstanding share b. What the gross profit percentage? (Enter your answer as a percentage rounded to 1 decimal place (i.., 0.123 should be entered as 12.3).) oss profit percentag%Step by Step Solution
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