Business, 01.11.2019 06:31 leta18

Acompany's warehouse was destroyed by a tornado on march 15. the following information was salvaged from the ruins: inventory, beginning: $56,000 purchases for the period: $38,000 sales for the period: $111,000 sales returns for the period: $1,440 the company's average gross profit ratio is 35%. what is the estimated cost of the lost inventory? a. $9,705
b. $25,995
c. $29,250
d. $44,000
e. $45,000

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Acompany's warehouse was destroyed by a tornado on march 15. the following information was salvaged...

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