Determine the GMROI when the average cost of the Inventory Is $180,000 and gross margin Is $500,000. Answer: A) 1.76 B) 2.54 C) 2.78 D) 3.19 Calculate GMROI from the following data: Sales $235,000 Beginning Inventory at cost $44,000 Closing Inventory at cost $46,000 Gross margin 42% Answer: A) 2.19 B) 2.24 C)2.72 D) 3.03 Calculate GMROI from the following data: Sales $625, 300 Gross margin 39% Average inventory at cost $112,000 Answer: A) 5.58 B) 3.41 C) 2.38 D) 2.18