Robertson Corporations inventory balance was $32,900 at the beginning of the year and $31,000 at...
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Accounting
Robertson Corporations inventory balance was $32,900 at the beginning of the year and $31,000 at the end. The inventory turnover ratio for the year was 4.6 and the gross profit ratio 40%. What were net sales for the year? (Round your answer to the nearest dollar amount.)
Multiple Choice
$142,600.
$146,970.
$367,425.
$244,950.
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