The following information is available for the past year for a retail store: 
What is the cost-to-retail ratio to estimate the cost of ending inventory using the conventional retail method? (Round cost-to-retail ratios to four decimal places.)
Definitions:
Checkout Counter
The place in a store where goods are paid for and where transactions are completed.
Cell Phone
A portable electronic device that enables users to make voice calls, send text messages, and access the internet.
Accept
Agreement to the terms of a proposal or offer, thereby creating a binding contract between the parties involved.
Mail Survey
A research method in which questionnaires are sent through postal mail to collect data from respondents.
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