Business, 15.11.2019 20:31 DiiegoWasHere
On july 8, a fire destroyed the entire merchandise inventory on hand of larrenaga wholesale corporation. the following information is available: sales, january 1 through july 8 $700,000 inventory, january 1 130,000 purchases, january 1 through july 8 640,000 gross profit ratio 30% what is the estimated inventory on july 8 immediately prior to the fire? a.$192,000. b.$490,000. c.$510,000. d.$280,000.
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