Question: PLEASE CAN YOU SHOW THIS PROBLEM VERY CLEARLY AND STEP BY STEP SO I CAN UNDERSTAND IT. PLEASE SHOW THIS PROBLEM VERY CLEARLY The night

PLEASE CAN YOU SHOW THIS PROBLEM VERY CLEARLY AND STEP BY STEP SO I CAN UNDERSTAND IT.

PLEASE CAN YOU SHOW THIS PROBLEM VERY CLEARLY AND STEP BY STEP

PLEASE SHOW THIS PROBLEM VERY CLEARLY

The night of June 30th, Shane & Co experienced a smash & grab break in. To quickly file an insurance claim, the manager needs an estimate of the inventory that was stolen. It's estimated that approximately $180,000 worth of inventory is on hand the morning after the theft. Inventory, 01/01/2020 Purchases (1st and 2nd quarters of 2020) Sales (19 and 2nd quarters of 2020) Average gross profit ratio $ 1,250,000 550,000 900,000 30% Use the gross profit method to calculate the estimated dollar value of the inventory that was stolen

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