Aeropostale, Inc., is a mall-based specialty retailer of casual apparel and acce

Question

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:

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.)

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:

Explanation / Answer

Aéropostale Inc multi-step income statement. Particular Amount in $ Amount in $ Sales 2015531 Less: Cost of goodws sold 1211349 1211349 Gross Profit 804182 Less: Operating expenses Other selling, general, and administrative expenses 402883 402883 Operating Income 401299 Less: Non Operating expenses Interest expense 590 590 Profit before tax 400709 Less: Provision for income taxes 89387 Profit After Tax 311322 PAT 311322   Weighted average shares outstanding 61,832 basic earnings per share 5.035

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