Using ratios to reconstruct an income statement A skeleton of Landmark Mills' income statement appears as follows (amounts in thousands): 11eb8258_958a_3eac_bb02_f907d30a2d6f_SM1625_00 Requirement 1. Use the following ratio data to complete Landmark Mills' income statement: a. Inventory turnover was 3.50 (beginning inventory was $850; ending inventory was $810). b. Rate of return on net sales is 0.11.

Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver

النسخة 3الرقم المعياري الدولي: 978-0132962339

Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver

النسخة 3الرقم المعياري الدولي: 978-0132962339

تمرين 31

Using ratios to reconstruct an income statement
A skeleton of Landmark Mills' income statement appears as follows (amounts in thousands):

Requirement
1. Use the following ratio data to complete Landmark Mills' income statement:
a. Inventory turnover was 3.50 (beginning inventory was $850; ending inventory was $810).
b. Rate of return on net sales is 0.11.

التوضيح

موثّق

b.
Now that we know the cost of goods s...