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Please explain answers. Thanks! Presented below is information related to Sarasota Corporation for the current year. Beginning inventory $ 608,100 Purchases 1,487,500 Total goods available

Please explain answers. Thanks!

Presented below is information related to Sarasota Corporation for the current year.

Beginning inventory $ 608,100
Purchases 1,487,500
Total goods available for sale $2,095,600
Sales revenue 2,495,000

Compute the ending inventory, assuming that (a) gross profit is 45% of sales, (b) gross profit is 60% of cost, (c) gross profit is 33% of sales, and (d) gross profit is 25% of cost. (Round ratios for computational purposes to 1 decimal place, e.g. 78.7% and final answers to 0 decimal places, e.g. 28,987.)

Ending Inventory

(a) Gross profit is 45% of sales $

(b) Gross profit is 60% of cost $

(c) Gross profit is 33% of sales $

(d) Gross profit is 25% of cost $

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