Question 1 calculate the gmroi and inventory turnover given, Ask an Expert

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Question: 1. Calculate the GMROI and inventory turnover given annual sales of $20,000, average inventory (at cost) of $4,000, and a gross margin of 45 percent.

2. As the athletic shoe buyer for Sports Authority, how would you go about forecasting sales for a new Nike running shoe?

3. Using the 80-20 principle, how can a retailer make certain that it has enough inventory of fast-selling merchandise and a minimal amount of slow-selling merchandise?

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Basic Finance, Finance

Category:- Basic Finance
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