Robertson Corporation's inventory balance was $37,300 at the beginning of the year and $32,000 at the end. The inventory turnover ratio for the year was 5.5 and the gross profit ratio 35%. What were net sales for the year? (Round your answer to the nearest dollar amount.) Anthony Thomas Candies (ATC) reported the following financial data for 2021 and 2020 2021 $319,000 8,700 $310, 300 2020 $292,000 4,100 $287,900 50,000 Sales Sales returns and allowances Net sales Cost of goods sold: Inventory, January 1 Net purchases Goods available for sale Inventory, December 31 Cost of goods sold Gross profit 151,000 201,000 76,000 125,000 $185,300 31,000 131,000 162,000 50,000 112,000 $175,900 ATC's inventory turnover ratio for 2021 is: (Round your answer to two decimal places.) Thompson TV and Appliance reported the following in its 2021 financial statements: 2021 $439,000 Sales Cost of goods sold: Inventory, January 1 Net purchases Goods available for sale Inventory, December 31 Cost of goods sold Gross profit 78,000 329,000 407,000 99,000 308,000 $131,000 Thompson's 2021 gross profit ratio is: (Round your answer to the nearest whole percentage.)