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What is cost-to-retail ratio to the nearest percent

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Reference no: EM132758434

Question: The following inventory information is provided for Swifty:

Beginning inventory: cost $87800; retail $115500

Net purchases: cost $70200; retail $137200

Sales at retail: $200200

The estimated cost of the ending inventory rounded to the nearest dollar and rounding the cost-to-retail ratio to the nearest percent is?

Reference no: EM132758434

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