Transcribed image text: The cost to retail ratio for Macy's Inc. is 70%. The inventory at retail on Dec 15, 2019 was $85,000. On December 16, $5,000 of sales were recorded On December 16 (after sale) The inventory at Retail would be $55.000 The inventory at cont would be $56.000 The sales would be $35.000 The inventory at cost would be $36.000 The Inventory at retail would be $44.000