Question
The following selected data are adapted from the November 30, 2014, and November 24, 2013, consolidated balance sheets and income statements for the years then
The following selected data are adapted from the November 30, 2014, and November 24, 2013, consolidated balance sheets and income statements for the years then ended for Levi Strauss & Co. and Subsidiaries. All amounts are reported in thousands. Required: Calculate the missing amounts for each year. (Enter your answers in thousands of dollars.)
2014 2013
Net revenues 4099147
Cost of goods sold 2516521
Gross profit 1782190 2057230
Selling general and administrative expenses 1,276,530
Operating Income
Interest expense and other expenses, net 268,529 344,641
Income before income taxes 91610
Income tax expense 318,025
Net Income 26475 118034
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