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Business, 13.08.2019 03:30 tfhdg

In the current year, hildreth company experienced a major casualty loss due to the destruction of its warehouse and entire inventory by a hurricane. the company began the year with inventory of $ 816 comma 000. there were net purchases of $ 4 comma 019 comma 000 and net sales of $ 5 comma 016 comma 000 during the year prior to the casualty. the company's historical gross profit percentage has averaged 35 % over the last 5 years. estimate the inventory on hand on the date of the casualty.

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