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Robertson Corporation's Inventory balance was $38,200 at the beginning of the year and $28,000 at the end. The inventory turnover ratio for the year was
Robertson Corporation's Inventory balance was $38,200 at the beginning of the year and $28,000 at the end. The inventory turnover ratio for the year was 5.2 and the gross profit ratio 35% What were net sales for the year? (Round your answer to the nearest dollar amount.) Multiple Choice $264,800 5172120 $145,600 549177
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