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(Solved): Robertson Corporations inventory balance was $25,000 at the beginning of the year and $35,000 at ...



Robertson Corporation’s inventory balance was $25,000 at the beginning of the year and $35,000 at the end. The inventory turnover ratio for the year was 4.1 and the gross profit ratio 35%. What were net sales for the year? (Round your answer to the nearest dollar amount.)

Multiple Choice

$351,429.

$143,500.

$123,000.

$189,231.



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 The inventory balance was $25,000 at the beginning of the year 
 The inventory bal...
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