New York Sales Inc. uses the conventional retail method to estimate its ending inventories. The following data has been summarized for December 31, 2018: 
Required:
Compute the cost-to-retail percentage used by New York Sales Inc.
Definitions:
Functional Chimneys
Siloed divisions within an organization, where communication and cooperation across departments are limited, often leading to inefficiency.
Informal Structure
The informal structure is the set of unofficial relationships among an organisation’s members.
Shadow Organisation
The informal network within a company, shaping its culture and operations outside the formal organizational structure.
Working Relationships
The interactions and communications that occur between colleagues within a workplace environment.
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