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Gross margin return on inventory (GMROI) equals: Select one: a. net profit margin / markdown percentage. b. (gross margin / net sales) ´ (net sales / average inventory at retail…
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Gross margin return on inventory (GMROI) equals: Select one: a. net profit margin / markdown percentage. b. (gross margin / net sales) ´ (net sales / average inventory at retail…
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Gross margin return on inventory (GMROI) equals: Select one: a. net profit margin / markdown percentage. b. (gross margin / net sales) ´ (net sales / average inventory at retail). c. gross margin percentage / dollars invested in inventory at retail. d. gross margin dollars / average inventory at cost dollars e. gross margin percentage / inventory turnover rate.
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Answer:
d. gross margin dollars / average inventory at cost dollars
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