2. Given the following information, what is the cost-to-retail ratio? Beginning inventory at cost $20,000 Beginning inventory at retail 35,000 Purchases at cost 100,000 Purchases at retail 168,000 Sales 160,000 a. 169%. b. 75%. C. 59%. d. 41%. 2. Given the following information, what is the estimated cost of ending inventory by the gross profit method? Net sales for the period Beginning inventory at cost $150,000 15,000 100,000 35% Net purchases for the period Estimated historical gross profit on net sales a. $115,000. b. 597,500. C. $20,500. d. $17,500