Question: (Learning Objective 4: Using ratio data to reconstruct an income statement) A skeleton of Athol Country Florists income statement appears as follows (amounts in thousands):

(Learning Objective 4: Using ratio data to reconstruct an income statement) A skeleton of Athol Country Florist’s income statement appears as follows (amounts in thousands):

Use the following ratio data to complete Athol Country Florist’s income statement:

a. Inventory turnover was 4 (beginning inventory was $784; ending inventory was $762).

b. Net profi t margin is 10%.

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