Question: Selected financial statement data for Schmitzer Inc. is shown below: 2021 2020 78,000 66,000 Balance sheet: Inventories Ratios: Gross profit ratio for 2021 Inventory turnover

Selected financial statement data for Schmitzer Inc. is shown below: 2021

Selected financial statement data for Schmitzer Inc. is shown below: 2021 2020 78,000 66,000 Balance sheet: Inventories Ratios: Gross profit ratio for 2021 Inventory turnover ratio for 2021 40% 5 What was the amount of net sales for 2021? Net sales

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