Question
Robertson Corporations inventory balance was $22,000 at the beginning of the year and $20,000 at the end. The inventory turnover ratio for the year was
Robertson Corporations inventory balance was $22,000 at the beginning of the year and $20,000 at the end. The inventory turnover ratio for the year was 6.0 and the gross profit ratio 40%. What were net sales for the year?
A. $126,000.
B. $200,000.
C. $120,000.
D. $210,000.
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Budgeting Auditing And Evaluation Functions And Integration In Seven Governments
Authors: Andrew Gray
1st Edition
0765807246, 9780765807243
