A company's warehouse was destroyed by a tornado on March 15. The following information was the only information that was salvaged: The company's average gross profit ratio is 35%. What is the estimated cost of the lost inventory?

Question

A company's warehouse was destroyed by a tornado on March 15. The following information was the only information that was salvaged:  The company's average gross profit ratio is 35%. What is the estimated cost of the lost inventory?

Quizplus · Accepted Answer

The Answer of A company's warehouse was destroyed by a tornado on March 15. The following information was the only information that was salvaged:  The company's average gross profit ratio is 35%. What is the estimated cost of the lost inventory?

A Company's Warehouse Was Destroyed by a Tornado on March