What were net sales for the year-inventory balance

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Reference no: EM13790751

Robertson Corporation's inventory balance was $25,500 at the beginning of the year and $38,000 at the end. The inventory turnover ratio for the year was 5.8 and the gross profit ratio 35%. What were net sales for the year? (Round your answer to the nearest dollar amount.)

$184,150

$220,400

$283,308

$526,143

Reference no: EM13790751

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