Crane Sales Company uses the retail inventory method to value its merchandise inventory. The following information is available for the current year: Cost Retail Beginning inventory $ 18000 $ 33000 Purchases 70000 140000 Freight-in Net markups Net markdowns 1300 7300 4000 1000 Employee discounts 85000 Sales revenue If the ending inventory is to be valued at the lower-of-cost-or-market, what is the cost-to-retail ratio? $89300 $176300 $89300 $173000 $88000 $177000 $89300 +$180300