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A 7-week-old boy is brought to the office for routine follow-up after being discharged from the neonatal intensive care unit (NICU) . He was born at 32 weeks gestation, and the pregnancy was complicated only by preterm labor. After delivery, the patient received a short course of prophylactic antibiotics while awaiting blood culture results, which were negative for bacterial growth. Other than difficulty feeding, he had no other issues in the NICU. By age 6 weeks, the patient was taking a normal volume of fortified preterm formula and gaining weight appropriately. He was discharged from the hospital last week and has continued taking formula and ferrous sulfate. Temperature is 37.5 (99.5 F) , pulse is 150/min, and respirations are 30/min. Pulse oximetry is 98% on room air. The patient is awake and alert. Cardiac auscultation reveals a 2/6 systolic flow murmur with no gallop. The abdomen is soft with no organomegaly. Laboratory results are as follows: The peripheral smear shows normocytic, normochromic red blood cells. Which of the following is the most likely underlying cause of this patient's laboratory findings?
Retail Method
An accounting method to estimate ending inventory and cost of goods sold by using a proportional relationship between the retail value and cost of goods.
Estimated Ending Inventory
An approximation of the value of inventory a company has on hand at the end of an accounting period.
Gross Profit Rate
A financial metric that represents the proportion of money left over from revenues after accounting for the cost of goods sold.
Retail Inventory Method
An accounting technique for estimating inventory value by using a proportion between the retail price and cost of goods.
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