From the following, calculate the cost ratio and the cost of ending inventory to the nearest cent under the retail method. Note: Round the "cost ratio" to the nearest hundredth percent. Round the "cost of ending inventory" to the nearest cent. Net sales at retail for year Beginning inventory-cost Beginning inventory-retail Purchases-cost Purchases-retail $42,500 $ 29,500 $51,500 $ 14,500 $ 19,500 Beginning inventory Net purchases Cost of goods available for sale Less net sales at retail Ending inventory at retail Cost ratio Ending inventory at cost Cost Retail