Selected financial statement data for Schmitzer Inc. is shown below: 2016 2015 Balance sheet: Inventories 60,000 48,000
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Question:
Selected financial statement data for Schmitzer Inc. is shown below:
2016 2015
Balance sheet:
Inventories 60,000 48,000
Ratios:
Gross profit ratio for 2016 40%
Inventory turnover ratio for 2016 5
What was the amount of net sales for 2016?
Posted Date: