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For a given year, if a retailer earned an annual gross margin of $500,000 percent, annual sales of $1,800,000, an average gross margin of 50%
For a given year, if a retailer earned an annual gross margin of $500,000 percent, annual sales of $1,800,000, an average gross margin of 50% and an average turnover of 4.0 , what is its GMROI? Select one: a. 5.40 b. 1.80 c. 0.60 d. 2.22 e. 4.80 Step by Step Solution
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Modern Management Concepts And Skills
Authors: Samuel Certo, S Certo, S. Certo
15th Edition
0134729137, 9780134729138
