A skeleton of Pine Florals' income statement appears as follows (amounts in thousands): Use the following ration

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A skeleton of Pine Florals' income statement appears as follows (amounts in thousands):
A skeleton of Pine Florals' income statement appears as follows

Use the following ration data to complete Pine Florials' income statement:
a. Inventory tunover was 4 (beginning inventory was $780; ending inverntory was $750).
b. Rate of return ofn sales (after inco e taxes) is 0.10.

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Financial Accounting

ISBN: 978-0134127620

11th edition

Authors: Walter Harrison, Charles Horngren, William Thomas, Wendy Tietz

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