Business
Business, 20.12.2019 23:31, SmokeyRN

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 $700,000 inventory, january 1 130,000 purchases, january 1 through july 8 640,000 gross profit ratio 30% what is the estimated inventory on july 8 immediately prior to the fire? a. $192,000. b. $490,000. c. $510,000. d. $280,000. e. none of the above.

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