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Historic Mills's income statement appears as follows (amounts in thousands) (Click the icon to view the income statement ) Use the following ratio data to
Historic Mills's income statement appears as follows (amounts in thousands) (Click the icon to view the income statement ) Use the following ratio data to complete Historic Mills' income statement 1. Inventory turnover was 4.10 (beginning Merchandise Inventory was $890 ending Merchandise Inventory was $850) 2. Profit margin ratio is 10%, (Enter amounts in thousands as provided to you in the problem statement Round your answer to the nearest thousands ) 1 Income Statement Historic Mills Income Statement Year Ended December 31, 2018 in thousands Historic Mills Income Statement Year Ended December 31, 2018 s 7000 Net Sales Revenue Cost of Goods Sold Selling and Administrative Expenses Interest Expense Other Expenses Income Before Income Taxes Income Tax Expense Net Income 1. 800 Nt Sales Revenue $7,000 1,800 st of Goods Sold Selling and Administrative Expenses Interest Expense Other Expenses Income Before Income Taxes Income Tax Expense Net Income 160 1,800 1.325 160 1,325 Enter any number in the edit fields and then continue to the
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