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Exercise 9-20 Presented below is information related to Kingbird Company Cost $55,460 131,330 Retail Beginning inventory Purchases (net) Net markups Net markdowns Sales revenue $96,900

Exercise 9-20 Presented below is information related to Kingbird Company Cost $55,460 131,330 Retail Beginning inventory Purchases (net) Net markups Net markdowns Sales revenue $96,900 199,500 11,348 26,087 193,700 Compute the ending inventory at retail Ending inventory LINK TO TEXT Compute a cost-to-retail percentage under the following conditions. (Round ratios to 2 decimal places, eg, 78.74%) Cost-to-retail percentage (1) Excluding both markups and markdowns (2) Excluding markups but including markdowns (3) Excluding markdowns but including markups

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