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Business, 09.12.2019 19:31 FreyaLouise

Tore company's records reveal the following information regarding its inventory: beginning inventory was $100,000 at cost and 160,000 at retail. purchases during the year were $300,000 at cost and $500,000 at retail. net markups were $10,000 and net markdowns, $20,000. assuming the conventional retail method, the cost-to-retail ratio will be

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