Presented below is information related to Nash Corporation for the current year. Compute the ending...
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Accounting
Presented below is information related to Nash Corporation for the current year. Compute the ending inventory, assuming that (a) gross profit is 45% of sales, (b) gross profit is 60% of cost, (c) gross profit is 33% of sales, and (d) gross profit is 25% of cost. (Round ratios for computational purposes to 1 decimal place, e.g. 78.7% and final answers to 0 decimal places, e.g. 28,987.)
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