Robertson Corporationâs inventory balance was $22,000 at the beginning of the year and $20,000 at the end. The inventory turnover ratio for the year was 6.0 and the gross profit ratio 40%. Whatwere net sales for the year? A. $126,000 B. $200,000 C. $120,000 D. $210,000
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Home » Business » Robertson Corporationâs inventory balance was $22,000 at the beginning of the year and $20,000 at the end. The inventory turnover ratio for the year was 6.0 and the gross profit ratio 40%. Whatwere net sales for the year? A. $126,000 B. $200,000 C.