Question: Required Information Real World Case 4.8 (Static) Income statement format; restructuring costs; earnings per share; comprehensive income; statement of cash flows; Ralph Lauren [LO4-1, 4-3,

 Required Information Real World Case 4.8 (Static) Income statement format; restructuringcosts; earnings per share; comprehensive income; statement of cash flows; Ralph Lauren[LO4-1, 4-3, 4-5, 4-6, 4-8] Ralph Lauren Corporation is a global leader

Required Information Real World Case 4.8 (Static) Income statement format; restructuring costs; earnings per share; comprehensive income; statement of cash flows; Ralph Lauren [LO4-1, 4-3, 4-5, 4-6, 4-8] Ralph Lauren Corporation is a global leader in the design, marketing, and distribution of premlum Iffestyle products, Including men's, women's and chlldren's apparel. Below are selected financlal statements taken from a recent 10-K fillng. Real World Case 4-8 (Static) Income statement format; restructuring costs; earnings per share; comprehensive income; statement of cash flows; Ralph Lauren (Part 1) Required: Use the Information In the financlal statements to answer the following questions. 1. Does the company use the single-step or multiple-step format to present Its Income statements? 2. Does the company report restructuring costs (yeso)? If so, how much? Note: Enter your answer In millions. Round your answer to 1 decimal place. 3. Does the company report asset Impairments (yeso)? If so, how much? Note: Enter your answer In millions. Round your answer to 1 decimal place. 4. What amount does the company report for nonoperating Income? Note: Enter your answer In millilons. Round your answer to 1 decimal place. 5. Does the company choose to report comprehensive Income in two consecutlve statements or a combined statement? 7. What is the amount of comprehensive income? Note: Enter your answer In millilons. Round your answer to 1 decimal place. Real World Case 4-8 (Static) Income statement format; restructuring costs; earnings per share; comprehensive income; statement of cash flows; Ralph Lauren (Part 2) Required: 6. What "other comprehensive Items (OCl)" did the company report? Note: You may select more than one answer. Single cllck the box with the questlon mark to produce a check mark for a correct answer and double cllck the box with the question mark to empty the box for a wrong answer. Any boxes left with a questlon mark will be automatlcally graded as Incorrect. 2 Gains (losses) on cash flow hedges. Net gain (losses) on defined benefit plans. Interest and other Income, net

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