Which one of the following would cause a decrease in the cost ratio as used in the retail inventory method?
A. Higher retail prices
B. Lower net markups
C. More employee discounts granted
D. Higher freight in charges
Answer: A. Higher retail prices
Which one of the following would cause a decrease in the cost ratio as used in the retail inventory method?
A. Higher retail prices
B. Lower net markups
C. More employee discounts granted
D. Higher freight in charges
Answer: A. Higher retail prices
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.