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A Company's Warehouse Was Destroyed by a Tornado on March

Question 198

Multiple Choice

A company's warehouse was destroyed by a tornado on March 15. The following information was the only information that was salvaged: A company's warehouse was destroyed by a tornado on March 15. The following information was the only information that was salvaged: 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. 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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