Hello hope all is well, having difficulties understanding the concept.

5. A shoe department experienced the following merchandise activity for the rst Quarter of the year. 3) Determine the departmental turnover for the period. Then, b) Interpret your numerical answer in words as in #4 BOM gretail! January $9,500 February $11,800 March $9,?00 April $12,300 Gross sales $9200 Returns 8% Cumulative markup 51% 6. Determine the GMROI when the average cost of the inventory is $180,000 and gross margin is $500,000. 7. Calculate GMROI from the following data: Net Sales $235,000 Beginning inventory at cost $44,000 Closing inventory at cost $46,000 Gross margin 42%