Question: Question 19 (5 points) On July 8, a fire destroyed the entire merchandise inventory at Able Wholesale Corporation. The following information is available: Sales, January

Question 19 (5 points) On July 8, a fire destroyed the entire merchandise inventory at Able Wholesale Corporation. The following information is available: Sales, January 1 through July 8 $700,000 Inventory, January 1 130,000 Purchases, January 1 through July 8 640,000 Gross profit ratio 30% What's the estimated inventory on July 8 immediately prior to the fire? O A) $280,000 O B) $192,000 O C) $510,000 OD) $490,000

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