The following selected data are adapted from the November 26, 2017, and November 27, 2016, consolidated balance
Question:
The following selected data are adapted from the November 26, 2017, and November 27, 2016, consolidated balance sheets and income statements for the years then ended for Levi Strauss & Co. and Subsidiaries. All amounts are reported in thousands.
Required:Calculate the missing amounts for each year.
Transcribed Image Text:
2016 2017 $4,904,030 Net revenues $4 Cost of goods sold 2,223,727 2,329,012 Gross profit 2,562,729 Selling, general, and administrative expenses 1,866,805 Operating income 54,947 Interest expense, and other expenses and losses, net 118,388 Income before income taxes 348,781 Income tax expense $ 291,209 $ 284,556 Net income As at November 26 and 27, respectively: $3,354,692 Total assets Total liabilities 2,525,269 2,395,975 Total stockholders' equity 591,121
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Related Book For
Accounting What the Numbers Mean
ISBN: 978-1260565492
12th edition
Authors: David Marshall, Wayne McManus, Daniel Viele
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