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Cost To Retail Ratio
A method used in retail to calculate the inventory valuation by dividing the cost of goods sold by the retail price of the goods.
Inventory Cost Flow
The process of accounting for the costs associated with the goods throughout the stages of inventory, from raw materials to sold products.
Financial Statements
Documents that report on a company’s financial performance, position, and cash flows, giving insight into its financial health.
Assumptions
Predetermined notions or beliefs influencing the understanding or analysis of data or events.
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