S2A-13 4 S2-11 Using ratios to reconstruct an income statement Vintage Mills's income statement appears as follows (amounts in thousands): T Ot VINTAGE MILLS Income Statement Year Ended December 31, 2016 Ne G $7,300 Net Sales (a) Cost of Goods Sold 1,700 Selling and Administrative Expenses Interest Expense (b) Other Expenses 135 Income Before Income Taxes 1,325 Income Tax Expense (c) Net Income (d) le Financ Use the following ratio data to complete Vintage Mills's income statement. 1. Inventory turnover is 4.70 (beginning Merchandise Inventory was $750; ending Merchandise Inventory was $710). 2. Profit margin ratio is 0.16