A company's inventory balance was $37,900 at the beginning of the year and $35,000 at the end.
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A company's inventory balance was $37,900 at the beginning of the year and $35,000 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?
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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