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Business, 17.04.2020 05:00 indya2

On July 8, a fire destroyed the entire merchandise inventory on hand of Larrenaga Wholesale Corporation. The following information is available: Sales, January 1 through July 8 $ 695,000 Inventory, January 1 140,000 Purchases, January 1 through July 8 655,000 Gross profit ratio 30 % What is the estimated inventory on July 8 immediately prior to the fire

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