calculate GMROI subject is account Calculate GMROI from the following data:Net sales$ 5,50,110Average inventory at cost$ 66,180Gross margin38%

Step 1: Define Gross Margin Return on Investment Gross Margin Return on Investment (GMROI) is a…

Answered: Calculate GMROI from the following…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 16EA: Compute Altoona Companys (a) inventory turnover ratio and (b) number of days sales in inventory...

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Similar questions

The following is select account information for Sunrise Motors. Sales: $256,400; Sales Returns and Allowances: $34,890; COGS: $120,470; Sales Discounts: $44,760. Given this information, what is the Gross Profit Margin Ratio for Sunrise Motors? (Round to the nearest whole percentage.)
Calculate Inventory Carrying Cost (ICC) using the information below. annual demand ordering cost per order inventory carrying cost percentage leadtime unit value #days in the period. EOQ 1000 $75 20% 3 days $30 360 158
Given the following percentage costs of carrying inventory, calculate the annual carrying cost if the average inventory is $1 million. Capital costs are 10%, storage costsare 6%, and risk costs are 9%.
If average inventory is P80,000 and the inventory turnover ratio is 20, how much is the cost of goods sold of the company? * O P1,600,000 O P4,000 O .00025 P80,020
Compute the Inventory turnover ratio from the following information: Opening Stock =P50,000 Closing Stock =P80,000 Material Consumed%=DP3,90,000
Suppose have The Following infarmasion you Cost Per unit units Po tar Beguing inventory 200 lo Purchases s 5600 14 Feb. 15 400 b,800 17 Jan. 2 400 9000 18 sep. 12 5.. 155 0s 21 Dec. 2 48,000 1,600 30 Sales 12,000 30 400 oPerah ng exp * Prepare Compar tive income statment under [ fi Fog Lifo, weighted average I A ssume company is subject that the to 30% income tax rare
A company’s ordering cost is sh 25 and the holding cost is 10% of average inventory. Given that the total cost is shs. 750, find the demand
Use the following information: Net sales Cost of goods sold $235,000 168,000 52,000 42,000 Beginning inventory Ending inventory a. Calculate the inventory turnover ratio. b. Calculate the average days in inventory. c. Calculate the gross profit ratio.
A retailer’s total sales are $1,000,000 and the gross margin percentage is 60%. Thebeginning and ending inventory balances are $240,000 and $260,000, respectively.What is the inventory turnover?a. 1.60b. 2.40c. 3.40d. 3.60
Given the following information, what is the cost-to-retail ratio? Beginning inventory at cost $20,000 Beginning inventory at retail 35,000 Purchases at cost 100,000 Purchases at retail 168,000 Sales 160,000 169%. 75%. 59%. 41%.
record of company - quik ratio. 1.5 _inventory. 40,000 - current liabilites. 64,000 _ account recevable. 140,000 -ROA. 0.20 - total asset. 160,000 - tax. 900 - sale. 280,000 - cost of good sold. 280,000 Required Inventory turnover the current ratio is current ratio is current ratio is the current ratio is the current ratio is Roi= Recevable turnover average collection peroid= P 8:1.
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Calculate GMROI from the following data: Net sales $ 5,50,110 Average inventory at cost $ 66,180 Gross margin 38%