A skeleton of Westview Country Florist's income statement appears as follows (amounts in thousands):

Use the following ratio data to complete Westview Country Florist's income statement:
a. Inventory turnover was 3 (beginning inventory was $800; ending inventory was $772).
b. Rate of return on sales (after income taxes) is 0.09.

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Income Statement 7,300 Net sales Cost of goods sold Selling expenses Administrative expenses Interest expense Other expenses Income before taxes Income tax expense Net income 1,520 330 156 1,042 $ (d)