The following information is available for the past year for a retail store: What is the cost-to-retail ratio to estimate the cost of ending inventory using the conventional retail method? (Round cost-to-retail ratios to four decimal places.)
A)50.00%
B)53.44%
C)40.00%
D)43.96%

Question

The following information is available for the past year for a retail store:  What is the cost-to-retail ratio to estimate the cost of ending inventory using the conventional retail method? (Round cost-to-retail ratios to four decimal places.)
A)50.00% 
B)53.44% 
C)40.00% 
D)43.96%

Quizplus · Accepted Answer

The Answer of The following information is available for the past year for a retail store:  What is the cost-to-retail ratio to estimate the cost of ending inventory using the conventional retail method? (Round cost-to-retail ratios to four decimal places.)
A)50.00% 
B)53.44% 
C)40.00% 
D)43.96%

The Following Information Is Available for the Past Year for a Retail