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Current Attempt in Progress Presented below is information related to Swifty Corporation for the current year. Compute the ending inventory, assuming that (a) gross profit
Current Attempt in Progress Presented below is information related to Swifty Corporation for the current year. Compute the ending inventory, assuming that (a) gross profit is 45% of sales, (b) gross profit is 60% of cost, (c) gross profit is 37% of sales, and (d) gross profit is 25% of cost. (Round ratios for computational purposes to 1 decimal place, e.g. 78.7% and final answers to 0 decimal places, e.g. 28,987.)
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