Business, 14.03.2020 00:50 kayleg907436

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 $ 1,221,349
Interest expense 660
Net revenue 1,925,531
Other selling, general, and administrative expenses 397,883
Provision for income taxes 88,387
Weighted average shares outstanding 70,832

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.)

b. What is the gross profit percentage? (Enter your answer as a percentage rounded to 1 decimal place (i. e., 0.123 should be entered as 12.3).)

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Aeropostale, Inc., is a mall-based specialty retailer of casual apparel and accessories. The company...