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How did they calculate the beginning inventory for the month of February and March? Q 9.156: Urban Kicks, a shoe retailer, has historically maintained a
How did they calculate the beginning inventory for the month of February and March?
Q 9.156: Urban Kicks, a shoe retailer, has historically maintained a profit margin of 30% of the selling price, but due to market pressures, had to drop that to 20% for the month of March. What is the estimated inventory at the end of March if they had $159,000 in inventory on January 1, given the following informationStep by Step Solution
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