Apply your critical$-$thinking ability to the knowledge you've gained. These cases will provide you an opportunity to develop your research, analysis, judgment, and communication skills. You also will work with other students, integrate what you've learned, apply it in real$-$world situations, and consider its global and ethical ramifications. This practice will broaden your knowledge and further develop your decision$-$making abilities. Hudson Company, which is both a wholesaler and a retailer, purchases its inventories from various suppliers. Additional facts for Hudson's wholesale operations are as follows: a$.$ Hudson incurs substantial warehousing costs. b$.$ Hudson values inventory at the lower of cost or market. Market is below cost of the inventories. Additional facts for Hudson $,$ s retail operations are as follows