Question
Robertson Corporation's inventory balance was $22,700 at the beginning of the year and $25,000 at the end. The inventory turnover ratio for the year was
Robertson Corporation's inventory balance was $22,700 at the beginning of the year and $25,000 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. $357,750
B. $238,500
C. $150,000
D. $143,100
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Auditing SAP S 4HANA
Authors: Steve Biskie
1st Edition
1493222643, 978-1493222643
