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Traditional 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 Traditional

Traditional 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 Traditional Mills' income statement:1. Inventory turnover was

3.20

(beginning Merchandise Inventory was

$ 910

ending Merchandise Inventory was

$ 870

2. Profit margin ratio is 12%.

(Enter amounts in thousands as provided to you in the problem statement. Round your answer to the nearest thousands.)

Traditional Mills

Income Statement

Year Ended December 31, 2018

(in thousands)

Net Sales Revenue

$7,300

Cost of Goods Sold

Selling and Administrative Expenses

1,700

Interest Expense

Other Expenses

110

Income Before Income Taxes

1,325

Income Tax Expense

Net Income

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