Tommy Hilfiger Corporation designs, sources, and markets men's and women's sportswear, jeanswear, and childrenswear under the Tommy
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Tommy Hilfiger Corporation designs, sources, and markets men's and women's sportswear, jeanswear, and childrenswear under the Tommy Hilfiger trademarks. The company prides itself in producing distinctive designs that recognize tradition while adding a fresh, youthful perspecti\e. The items reported on its income statement for a recent year (ended March 3 1 ) are presented here (in thousands)
in alphabetical order:
Required:
Prepare a multiple-Step consolidated income statement (showing gross profit, operating income, and income before income taxes). Include presentation of basic earnings per share.
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