Question: Selected financial statement data for Schmitzer Inc. is shown below: 2018 2017 60,000 48,000 Balance sheet: Inventories Ratios: Gross profit ratio for 2018 Inventory turnover

2017 60,000 48,000 Balance sheet: Inventories Ratios: Gross profit ratio for 2018

Selected financial statement data for Schmitzer Inc. is shown below: 2018 2017 60,000 48,000 Balance sheet: Inventories Ratios: Gross profit ratio for 2018 Inventory turnover ratio for 2018 40% What was the amount of net sales for 2018? Net sales Responsibility Title CFO Treasurer Controller Internal auditor Cost accountant

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