Old Mills's income statement appears as follows (amounts in thousands): E (Click the icon to view the income statement.) Use the following ratio data to complete Old Mills' income statement: 1. Inventory turnover was 3.70 (beginning Merchandise Inventory was $810; ending Merchandise Inventory was $770). 2. Profit margin ratio is 14%. (Enter amounts in thousands as provided to you in the problem staternent Round your answer to the nearest thousands.) Old Mills 1 Income Statement Income Statement Year Ended December 31, 2018 (in thousands) Old Mills Net Sales Revenue 6 900 Income Statement Cost of Goods Sold Year Ended December 31, 2018 Selling and Administrative Expenses 1710 Net Sales Revenue 6,900 Interest Expense Cost of Goods Sold (a) 120 Other Expenses Selling and Administrative Expenses 1710 Income Before Income Taxes 1150 Interest Expense (b) Income Tax Expense Other Expenses 120 Net Income Income Before Income Taxes 1,150 Income Tax Expense (c) Net Income (d) Print Done

Perform a vertical analysis for the entry "Gross Sales" on the portion of an income statement shown below (as a %). (Round to nearest tenth.)   *Chart is attached with the information*

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Refer to the following selected financial information from Phantom Corp. Compute the company's days' sales in inventory for Year 2. (Use 365 days a year.) Year 2 Year 1 Merchandise inventory 287,000 269,500 470,400 417,100 Cost of goods sold Multiple Choice 222.7. 251.2. 中

Arrow Distributing Corp. likes to track inventory by using weeks of supply as well as by inventory turnover. Arrow Distributing Corp. Net Revenue Cost of sales Inventory Total assets a) What is its weeks of supply? weeks (round your response to two decimal places). b) What is Arrow's inventory turnover? times per year (round your response to two decimal places). $16,830 $14,240 $920 $9,270 c) Suppose a manufacturer has an inventory turnover of 13.5 times per year. Arrow's supply chain performance relative to the manufacturer's, as measured by inventory turnover, is