Given the following information, what is the cost-to-retail ratio? Beginning inventory at cost $20,000 Beginning inventory at retail 35,000 Purchases at cost 100,000 Purchases at retail 168,000 Sales 160,000 169%. 75%. 59%. 41%.

Given the following information, what is the cost-to-retail ratio? Beginning inventory at cost $20,000 Beginning inventory at retail 35,000 Purchases at cost 100,000 Purchases at retail 168,000 Sales 160,000 169%. 75%. 59%. 41%.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Given the following information, what is the cost-to-retail ratio?

Beginning inventory at cost	$20,000
Beginning inventory at retail	35,000
Purchases at cost	100,000
Purchases at retail	168,000
Sales	160,000

169%.
75%.
59%.
41%.

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