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
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Chapter1: Financial Statements And Business Decisions
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 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

 

  1. 169%.
  2. 75%.
  3. 59%.
  4. 41%.
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