Question: I need help please Adams Corporation estimates that it lost $126,000 in inventory from a recent flood. The following information is available from the records

I need help please

Adams Corporation estimates that it lost $126,000 in inventory from a recent flood. The following information is available from the records of the company's periodic inventory system: beginning inventory $300,000, purchases and net sales from the beginning of the year through the date of the flood, $540 000 and $850,000, respectively. What is the company's gross profit ratio

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