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The net sales for The Halloween Costume Shop in 2005 was $45,000; its cost of goods sold was $28,000, its average inventory at cost
The net sales for The Halloween Costume Shop in 2005 was $45,000; its cost of goods sold was $28,000, its average inventory at cost was $16,000; its average inventory at retail was $30,000; and its gross margin was $17,000. Please calculate its sales-to-stock ratio.
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh
4th Canadian edition
978-1259269868, 978-1259103292
