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What was the amount of net sales

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Exercise - Ratio analysis

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

2016 2015 

Balance sheet: Inventories 60,000 48,000  

Ratios: Gross profit ratio for 2016 40%       

Inventory turnover ratio for 2016 5  

What was the amount of net sales for 2016?

Reference no: EM131756528

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