Answered: Bluesy Electronics recorded the…

Bluesy Electronics recorded the following financial data: Net Sales $720,500 Average Inventory at Cost = $80,200 Gross Margin Percentage = 42% Calculate the GMROI.

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter8: Cost Analysis

Section: Chapter Questions

Problem 2.3CE

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Question

Please give me true answer this financial accounting question

Bluesy Electronics recorded the following
financial data:
Net Sales $720,500
Average Inventory at Cost = $80,200
Gross Margin Percentage = 42%
Calculate the GMROI.

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