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Nash Pottery lost 70% of its inventory in a fire on March 25, 2020. The accounting records showed the following gross profit data for February

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Nash Pottery lost 70% of its inventory in a fire on March 25, 2020. The accounting records showed the following gross profit data for February and March. Nash is fully insured for fire losses but must prepare a report for the insurance company. Compute the gross profit rate for the month of February. (Round answer to 2 decimal places, e.g. 25.16\%.) The gross profit rate for the month of February % eTextbook and Media Using the gross profit rate for February, determine both the estimated total inventory and inventory lost in the fire in March. (Round answers to 0 decimal places, e.8. 1.250.) The estimated total inventory

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