Presented below is information related to Novak Company. Cost Retail Beginning inventory $60,390 $98,000 Purchases (net) 125,010 212,000 Net markups 10,578 Net markdowns 25,795 Sales revenue 193,510 (a) Your answer is correct. Compute the ending inventory at retail 101273 Ending inventory SHOW SOLUTION SHOW ANSWER LINK TO TEXT Attempts: 1 of 3 used (b) 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