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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F73ad87bb-33d9-4d35-abc8-60d7e002bf47%2F7a4eeb0a-03ca-444f-b632-83510b805c34%2Fdkf1w6q_processed.jpeg&w=3840&q=75)
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
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![Horngren's Cost Accounting: A Managerial Emphasis…](https://www.bartleby.com/isbn_cover_images/9780134475585/9780134475585_smallCoverImage.gif)
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
![Intermediate Accounting](https://www.bartleby.com/isbn_cover_images/9781259722660/9781259722660_smallCoverImage.gif)
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
![Financial and Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781259726705/9781259726705_smallCoverImage.gif)
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education