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Question 16 (3 points) Kitchen Wizard, a shop for gourmet cooks, is evaluating the sales performance of General Electric brand 4-slice toasters. During the

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Question 16 (3 points) Kitchen Wizard, a shop for gourmet cooks, is evaluating the sales performance of General Electric brand 4-slice toasters. During the last year, the GE brand toasters had net sales of $19,000. The gross margin for the GE brand 4-slice toaster was $8,800, and the average inventory for that brand of toaster was $5,530 at cost. Calculate the GMROI for a GE 4-slice toaster. [Roundup your answer only at the end] 159% 177% 140% 162% 56%

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