P5-5 Preparing a Multiple-Step Income Statement and Interpreting


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May 17, 2016. P5-5 Preparing a Multiple-Step Income Statement and Interpreting the Gross Profit Percentage LO5-3 Please see attached for the full excel details. 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 $ 1,171,349 Interest expense 620 Net revenue 2,025,531 Other selling, general, and administrative expenses 393,883 Provision for income taxes 87,387 Weighted average shares outstanding 76,832 Required: a. Prepare a multiple-step consolidated income statement with a presentation of basic earnings per share. (Enter your answers in thousands not in dollars. Round “Basic earnings per share” to 2 decimal places.) ATTACHMENT PREVIEW Download attachment QUESTION 5.docx babafemi1980
posted a question · May 17, 2016 at 2:13pm

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