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Selected financial statement data for Schmitzer Inc. is shown below: 2021 2020 Balance sheet: Inventories 61,000 49,000 Ratios: Gross profit ratio for 2021 45 %
Selected financial statement data for Schmitzer Inc. is shown below:
| 2021 | 2020 | ||
| Balance sheet: | |||
| Inventories | 61,000 | 49,000 | |
| Ratios: | |||
| Gross profit ratio for 2021 | 45 | % | |
| Inventory turnover ratio for 2021 | 4 | ||
What was the amount of net sales for 2021?
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Glencoe Accounting
Authors: McGraw-Hill
1st Edition
0021400881, 9780021400881
