Selected financial statement data for Schmitzer Inc. is shown below: ...
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Accounting
Selected financial statement data for Schmitzer Inc. is shown below:
| 2021 | 2020 | ||
| Balance sheet: | |||
| Inventories | 71,000 | 59,000 | |
| Ratios: | |||
| Gross profit ratio for 2021 | 50 | % | |
| Inventory turnover ratio for 2021 | 6 | ||
What was the amount of net sales for 2021?
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