5. (8ps) Complete a merchandise plan for Linens and Domestics based on the following data (using basic stock method): Planned net sales Stock turnover Operating expenses Planned profit Season's reductions $98,000 1.95 39.5% 6.5% 15.0% The opening stock for August will be $52,700 12% Percentage of season's sales for each month, and percentage of season's reductions for each month are planned as: % of Season's sales % of season's reductions February 13% March 13% 15% April 16% 12% 19% 20% June 20% 19% July 20% 21% May a. Determine gross margin percent and the initial markup percent. Gross Margin Initial Markup Click here to enter text. Click here to enter text. b. Calculate GMROI for the season GMROI Click here to enter text