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( 1 4 ) The a uditur of 1 1 m ' s grolery 4 is examining the frozen forcdinn. sims boukes $ays there is

(14)

The a uditur of

11 m'

s grolery

4

is examining the frozen forcdinn. sims boukes $ays there is $

100, 000

in INv. The a vetitur serious ly doubts this and makes his own estimate using the following into:INV Jan I. $

80, 000

; sales;

300, 000

; purchases: $

200, 000 .

Jim consistenty reports

225 %

jross profit as a percentaje ofsabes. The a uditur will estimate INV at:

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