The company's gross profit ratio is 40%.With beginning inventory of $54,000,additional purchases of $21,000 and net sales for the quarter of $85,000,the controller estimated ending inventory values at:

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The Answer of The company's gross profit ratio is 40%.With beginning inventory of $54,000,additional purchases of $21,000 and net sales for the quarter of $85,000,the controller estimated ending inventory values at:

The Company's Gross Profit Ratio Is 40