Question: The following selected data are adapted from the November 30, 2014. and November 24. 2013, consolidated balance sheets and income statements for the years then
The following selected data are adapted from the November 30, 2014. and November 24. 2013, consolidated balance sheets and income statements for the years then ended for Levi Strauss & Co. and Subsidiaries. All amounts arc reported in thousands.
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Required:
Calculate the missing amounts for each year.
2014 2013 $4,753,992 Net revenues Cost of goods sold Gross profit Seling, general, and administrative expenses Operating income Interest expense and other expenses, net Income before income taxes Income tax expense 2 2,331,219 2,350,472 2,348,440 159,997 140,894 153,854 Net income As at November 27 and 28, respectively: Total assets Total liabilities Total stockholders' equity $2,924,073 2,691,954 2,913,918 213,500 Includes $128,425 of net restructuring charges in 2014
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