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Antique Mills' income statement appears as follows (amounts in thousands): (Click the icon to view the income statement.) Use the following ratio data to complete
Antique Mills' income statement appears as follows (amounts in thousands): (Click the icon to view the income statement.) Use the following ratio data to complete Antique Mills' income statement: 1. Inventory turnover was 4.00 (beginning Merchandise Inventory was $830; ending Merchandise Inventory was $790 ). 2. Profit margin ratio is 16%. (Enter amounts in thousands as provided to you in the problem statement. Round your answer to the nearest thousands.)
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