Barker Pet supply uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost and retail price were $796,800 and $980,700 respectively, purchases during the current year at cost and retail price were $3,205,800 and $4,158,300 respectively, freight-in on these purchases totaled $191,700, sales during the current year totaled $4,056,000, and net markups and markdowns were $6,000 and $288,900 respectively. Compute the ending inventory under conventional retail inventory method.

If the ceo of a large, diversified, firm were filling out a fitness report on a division manager (i. e., "grading" the manager), which of the following situations would be likely to cause the manager to receive a better grade? in all cases, assume that other things are held constant. a. the division's basic earning power ratio is above the average of other firms in its industry. b. the division's total assets turnover ratio is below the average for other firms in its industry. c. the division's debt ratio is above the average for other firms in the industry. d. the division's inventory turnover is 6, whereas the average for its competitors is 8.e. the division's dso (days' sales outstanding) is 40, whereas the average for its competitors is 30.