m o bases Inventory Management Metrics Large retailers like The Home Depot and Wal-Mart typically use gross margin ratio (gross margin sales inventory tumor bometimes referred to as inventory investment (GMROI) to evaluate how well inventory has been managed. The goal is to maximize profits while mining the investerin Inventory Below are data for four and pro 1) followed by three modifications (#s 2.3.& 4) to the base scenario Scenario 1 Scenario 2 Scenario 3 Scenario Sales $10,000 $20,000 $13,000 $10,000 Cost of goods sold 8,000 16,000 8,000 $8,000 Gross proft $2.000 54.000 55.000 $2.000 Average inventory $7,000 $7.000 $7,000 6.000 For each scenario calculate the gross margin percent, the inventory turnover, and GMROL Round your answers to one decimal place. (Example for answers -- 99.9%) Scenario 1 Gross margin Inventory Turnover GMRCI Check