points eBookPrintReferencesCheck my workCheck My Work button is now enabledItem 5 Brief Exercise 8-13 (Algo) Ratio analysis [LO8-7] Selected financial statement data for Schmitzer Inc. is shown below: 2021 2020 Balance sheet: Inventories 76,000 64,000 Ratios: Gross profit ratio for 2021 50 % Inventory turnover ratio for 2021 7 What was the amount of net sales for 2021