Question 9 (4 points) Crane Sales Company uses the retail inventory method to value its merchandise inventory. The following information is available for the current year: Cost Retail Beginning inventory $ 30,000 $ 45,000 Purchases 192,500 260,000 Net markups 8,500 Net markdowns 10,000 Sales revenue 205,000 If the ending inventory is to be valued at the conventional retail method, what is the cost-to-retail ratio? a) $222,500 + $305,000 b) $222,500 + $313,500 c) $220,000 + $315,000 d) $222,500 + $303,500