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Landmark Mills' income statement appears as follows (amounts in thousands): BEE (Click the icon to view the income statement.) Use the following ratio data
Landmark Mills' income statement appears as follows (amounts in thousands): BEE (Click the icon to view the income statement.) Use the following ratio data to complete Landmark Mills' income statement: 1. Inventory turnover was 4.80 (beginning Merchandise Inventory was $850; ending Merchandise Inventory was $810). 2. Profit margin ratio is 18%. (Enter amounts in thousands as provided to you in the problem statement. Round your answer to the nearest thousands.) Landmark Mills Income Statement Year Ended December 31, 2024 (in thousands) Net Sales Revenue 7,300 Cost of Goods Sold Selling and Administrative Expenses 1,730 Interest Expense 150 Other Expenses Income Before Income Taxes 1,325 Income Tax Expense Net Income
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