On August 14, a fire destroyed the entire inventory on hand of Arun Corp. The following information is available: Sales, January 1 through August 14 $ 684,000 Inventory, August 14 138,000 Purchases, January 1 through August 14 647,000 Gross profit ratio 26 % What is the estimated inventory on August 14 immediately prior to the fire?

Identify whether the statements are true or false by dragging and dropping the appropriate term into the bin provided. long-run economic growth is unlikely to be sustainable because of finite natural resources. in the modern economy, countries that possess few domestic natural resources essentially have no chance to develop economically. finding alternatives to natural resources will be very important to long-term economic growth. in the modern economy, human and physical capital are generally less important in productivity than natural resources. in the 19th century, countries with the highest per capita gdp were nearly always abundant in minerals and productive farming land.