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What is the company gross profit ratio

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Question - Adams Corporation estimates that it lost $187,200 in inventory from a recent flood. The following information is available from the records of the company's periodic inventory system: beginning inventory, $330,000; purchases and net sales from the beginning of the year through the date of the flood, $570,000 and $880,000, respectively.

What is the company's gross profit ratio?

What is the gross profit ratio?

Reference no: EM131648057

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