Debbie's Bling Shop uses the lower of average cost or market retail inventory method to determine its ending inventory. The accounting records for the current year for Debbie's contained the following information: 
In addition, the accounting records for Debbie's disclosed that freight-in charges were $6,700 and sales returns were $2,833. What is the cost-to-retail percentage to be used for ending inventory calculations?
Definitions:
Regression Coefficients
Values that estimate the relationship between a dependent variable and one or more independent variables in regression analysis.
Independent Predictors
Variables that can independently forecast the outcome of a dependent variable in a statistical model.
Dependent Variable
The variable in an experiment or study that is affected by changes in the independent variable.
Multicollinearity
A situation in statistics where two or more independent variables in a multiple regression analysis are closely related, potentially leading to skewed outcomes.
Q1: The income statement is an important financial
Q8: Any disposal of a large number of
Q10: The Sahara Company's inventory was partially destroyed
Q40: Joan Bell, Inc. uses the bank reconciliation
Q49: Clementine Co. computes depreciation to the nearest
Q78: There are many differences between inventory cost
Q84: Reporting inventory at the lower of cost
Q86: Acquisition costs, exploration costs, development costs, and
Q125: Debbie's Bling Shop uses the lower of
Q127: Refer to Exhibit 5-2. Compute operating margin