Business
Business, 16.04.2020 19:53, jphelps19992019

On March 15, a fire destroyed Crane Company's entire retail inventory. The inventory on hand as of January 1 totaled $7700000. From January 1 through the time of the fire, the company made purchases of $3832000, incurred freight-in of $422000, and had sales of $5940000. Assuming the rate of gross profit to selling price is 30%, what is the approximate value of the inventory that was destroyed

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On March 15, a fire destroyed Crane Company's entire retail inventory. The inventory on hand as of J...

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