3. A shoe department experienced the following merchandise activity for the first quarter of the year. A) Determine the departmental turnover for the period. Then, B) Interpret your numerical answer in words (i.e. For every $1.00 invested.....). BOM (retail) January February March April Gross sales Returns Cumulative markup $9,500 $11,800 $9,700 $12,300 $9200 8% 51%

3. A shoe department experienced the following merchandise activity for the first quarter of the year. A) Determine the departmental turnover for the period. Then, B) interpret your numerical answer in words (i.e. For every $1.00 invested....)