A. What is the GMROI? B. Interpret the GMROI figure in words: C. What is the TO? D. Interpret the TO figure in words:

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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  1. Inventory Turnover & GMROI

 

1)  The dress department had the following performance last year.

 

  • Net sales were $150,000.
  • Average inventory was $28,000 at retail.
  • Cumulative markup was 48%.
  • Gross margin was 42%.

 

A. What is the GMROI?

B. Interpret the GMROI figure in words:

C. What is the TO?

D. Interpret the TO figure in words:

           

 

 

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