An electrоnics retаiler hаs а beginning-оf-year inventоry (at cost) of $400,000; its ending inventory (at cost) is $410,000. Yearly purchases are $800,000 and transportation charges equal $0. The retailer’s cost of goods sold is _______________. MAR 4231 = Financial Formulas Note: When calculating the financials, please round to four decimal places. For example: 1.7658643983 = 1.7659 (four decimal places) 0.4322222222 = 0.4322 (four decimal places) Net Profit Margin = Net profit after taxes Net Sales Asset turnover = Net sales Total assets Return of Assets = Net profit margin x asset turnover Financial Leverage = Total assets Net worth Return on Net worth = Net profit margin x Asset turnover x Financial leverage Cost of goods sold = Cost of merchandise available for sale – cost value of ending inventory Cost complement = Total cost valuation Total retail valuation Total merchandise available = Beginning monthly inventory + Net purchases + transportation charges Net Profit = Gross Profit – Operating Expenses Profit & Loss Statement = Sales – less cost of goods sold = gross profit