Homework: Ch12 Pr... Question 3, S12-11 (simi... > HW Score: 20%, 4 of 20 points O Points: 0 of 4 Save Askeleton of Ashby Auto Corporation's income statement appears as follows (amounts in thousands) (Click the icon to view the data) Use the following ratio data to complete Ashby Auto's income statement: a. The inventory turnover was 3 (beginning inventory was $806; ending inventory was $780). b. The rate of return on sales (after income taxes) was 0.08 Data table 7,300 Income Statement $ 7,300 1,514 1.330 Income Statement Net sales Cost of goods sold Selling expenses Administrative expenses Interest expense Other expenses Income before taxes Income tax expense Net Income 157 IIles Net sales Cost of goods sold Selling expenses Administrative expenses Interest expense Other expenses Income before taxes Income tax expense (a) 1,514 1,330 (6) 157 1.044 1.044 (0) lect $ ( Net Income Print Done Help me solve this Etext pages Get more help