Calculate the missing amounts for each year.


Question Description:

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Calculate the missing amounts for each year. 1 answer below » Understanding income statement relationships—Levi Strauss & Co. Following are selected data from the November 30, 2008, and November 25, 2007, consolidated balance sheets and income statements for the years then ended for Levi Strauss & Co. and Subsidiaries. All amounts are reported in thousands. View complete question » 2008 2007 Net revenues 4,400,914 $ Cost of goods sold ? 2,318,883 Gross profit 2,139,802 2,042,046 Selling, general, administrative, and other operating expenses, net ? 1,401,005 Operating income Understanding income statement relationships—Levi Strauss & Co. Following are selected data from the November 30, 2008, and November 25, 2007, consolidated balance sheets and income statements for the years then ended for Levi Strauss & Co. and Subsidiaries. All amounts are reported in thousands. 2008 2007 Net revenues 4,400,914 $ Cost of goods sold ? 2,318,883 Gross profit 2,139,802 2,042,046 Selling, general, administrative, and other operating expenses, net ? 1,401,005 Operating income ? ? Interest expense and other expenses, net 156,903 265,415 Income before income taxes 368,169 ? Income tax expense (benefit) ? (84,759) Net income 229,285 $ 460,385 As at November 30 and 25, respectively: Total assets 2,776,875 $ ? Total liabilities 3,125,800 3,244,575 Total stockholders’ deficit ? (393,909) Required: Calculate the missing amounts for each year. View less » Jul 08 2014 12:38 PM

Answer

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