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Product Inc. ' s inventory balance was $ 2 8 , 5 0 0 at the beginning of the year and $ 3 8 ,

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Product Inc.'s inventory balance was $28,500 at the beginning of the year and $38,000 at the end. The inventory turnover ratio for the year was 5.6 and the gross profit ratio 30%. What were net sales for the year? (Round your answer to the nearest dollar amount.) Hint: Net Sales *(1-gross profit ratio)= COGS.
None of the options listed
$212,800
$244,246
$266,000
$252,000
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