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Question 30 (3 points) Kitchen Wizard, a shop for gourmet cooks, is evaluating the sales performance of General Electric brand 4-slice toasters. During the
Question 30 (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 $38,320. The gross margin for the GE brand 4-slice toaster was $11,600, and the average inventory for that brand of toaster was $3,840 at cost. Calculate the GMROI for a GE 4-slice toaster. [Roundup your answer] 0.25% 170% 184% 302% 250%
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