Business, 28.02.2020 22:45 genyjoannerubiera

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 $690,000 Inventory, January 1 140,000 Purchases, January 1 through July 8 655,000 Gross profit ratio 20%What is the estimated inventory on July 8 immediately prior to the fire?

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On July 8, a fire destroyed the entire merchandise inventory on hand of Larrenaga Wholesale Corporat...

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