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Robertson Corporations inventory balance was $25,000 at the beginning of the year and $35,000 at the end. The inventory turnover ratio for the year was
Robertson Corporations inventory balance was $25,000 at the beginning of the year and $35,000 at the end. The inventory turnover ratio for the year was 4.1 and the gross profit ratio 35%. What were net sales for the year? (Round your answer to the nearest dollar amount.)
Multiple Choice
$351,429.
$143,500.
$123,000.
$189,231.
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