Question $13(1$ point$)$

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Polar Express Inc. had a fire in its Churchill warehouse and must estimate its finished goods inventory for insurance purposes. Which of the following details must be available from the Polar Express's records in order to apply the retail method of estimating inventory?

Question $13$ options:

a$)$

Historical gross profit percentage

b$)$

Sales tax rate

c$)$

Days sales in inventory

d$)$

Markups