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Presented below is information related to Ayayai Company. Compute a cost-to-retail percentage under the following conditions. (Round ratios to 2 decimal places, e.g. 78.74%) Cost-to-retail
Presented below is information related to Ayayai Company. Compute a cost-to-retail percentage under the following conditions. (Round ratios to 2 decimal places, e.g. 78.74%)
Cost-to-retail percentage | |||||
(1) | Excluding both markups and markdowns. |
| % | ||
(2) | Excluding markups but including markdowns. |
| % | ||
(3) | Excluding markdowns but including markups. |
| % | ||
(4) | Including both markdowns and markups. |
|
Cost | Retail | |||
Beginning inventory | $ 63,190 | $103,900 | ||
Purchases (net) | 117,310 | 182,500 | ||
Net markups | 11,288 | |||
Net markdowns | 26,066 | |||
Sales revenue | 170,960 |
Compute cost of goods sold based on (d). (Round answer to 0 decimal places, e.g. 6,225.)
Cost of goods sold | $ |
Compute gross margin based on (d). (Round answer to 0 decimal places, e.g. 6,225.)
Gross margin | $ |
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