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Calculate GMROI from the following data: net sales, $434,000; beginning inventory at cost, $94,000; closing inventory at cost, $89,000; and gross margin, 35%. a) 4.23

Calculate GMROI from the following data: net sales, $434,000; beginning inventory at cost, $94,000; closing inventory at cost, $89,000; and gross margin, 35%.

a) 4.23

b) 3.25

c) 1.66

d) .78

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