Clarabell Inc. uses the conventional retail method to estimate ending inventory. Cost data for the most recent quarter is shown below: 8 2.5 points Beginning inventory Net purchases Net markups Net markdowns Net sales Cost Retail $116,000 $195,000 410,000 711,000 47,000 25,000 689,000 8 02:32:22 Skipped The conventional cost-to-retail percentage (rounded) is: Multiple Choice 55.2%. O O 53.8% 0 59.7%. Multiple Choice (0) 55.2%. 53.8%. 59.7%. 68.2%