Novak Books uses the retail inventory method to estimate its monthly ending inventories. The following information is available for two of its departments at October 31, 2022. Beginning inventory Purchases Freight-in Purchase discounts Net sales Hardcovers Cost Retail $798,000 $1,330,000 4,056,500 6,080.000 45.600 83,600 5,890,000 Paperbacks Cost Retail $532.000 $684,000 2,194.500 2.926,000 22,800 41,800 2,983,000 At December 31, Novak Books takes a physical inventory at retail. The actual retail values of the inventories in each department are Hardcovers $1,501,000 and Paperbacks $636,500. Determine the cost-to-retail ratio. Hardcovers Paperbacks Cost-to-retail ratio % %