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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

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
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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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
Transcribed Image Text: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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