8. How does Aritzia recognize revenue if a product is purchased on-line and will either be delivered or picked up by the customer at the store? need ans in txt form Aritzia Inc.Consolidated Statements of OperationsFor the years ended February 26, 2023 and February 27, 2022(in thousands of Canadian dollars, except number of shares and per share amounts)NoteNet revenueCost of goods soldGross profitOperating expensesSelling, general and administrativeStock-based compensation expenseIncome from operationsFinance expenseOther expense (income)Income before income taxesIncome tax expenseNet incomeNet Income per shareBasicDilutedWeighted average number of shares outstanding (thousands)BasicDiluted17,20 S1815, 189, 12, 1813, 1819$16 $16 $1616February 26,20232,195,630 S1,281,638913,992602,46924,369287,15431,263(7,916)263,80776,219187,588 $1.70 S1.63 S110,259115,301February 27,20221,494,630839,678654,952392,80226,131236,01925,202(8,783)219,60062,683156,9171.421.36110,401115,78414OR

According to the revenue recognition principle, revenue should be recognized when it is earned and…

Answered: 8. How does Aritzia recognize revenue…

8. How does Aritzia recognize revenue if a product is purchased on-line and will either be delivered or picked up by the customer at the store? need ans in txt form

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

8. How does Aritzia recognize revenue if a product is purchased on-line and will either be delivered or picked up by the customer at the store? need ans in txt form

Aritzia Inc.
Consolidated Statements of Operations
For the years ended February 26, 2023 and February 27, 2022
(in thousands of Canadian dollars, except number of shares and per share amounts)
Note
Net revenue
Cost of goods sold
Gross profit
Operating expenses
Selling, general and administrative
Stock-based compensation expense
Income from operations
Finance expense
Other expense (income)
Income before income taxes
Income tax expense
Net income
Net Income per share
Basic
Diluted
Weighted average number of shares outstanding (thousands)
Basic
Diluted
17,20 S
18
15, 18
9, 12, 18
13, 18
19
$
16 $
16 $
16
16
February 26,
2023
2,195,630 S
1,281,638
913,992
602,469
24,369
287,154
31,263
(7,916)
263,807
76,219
187,588 $
1.70 S
1.63 S
110,259
115,301
February 27,
2022
1,494,630
839,678
654,952
392,802
26,131
236,019
25,202
(8,783)
219,600
62,683
156,917
1.42
1.36
110,401
115,784
14
OR

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