show all formulas

15. At the end of the fall season, your department had a gross margin of 45 percent combined with a turnover rate of 2.3. It has a markup percentage of 47 percent. Calculate the GMROI. GMROI = At the end of the fall season, Department 58 had a gross margin of 41 percent combined with a turnover rate of 2.2. It has a markup percentage of 49 percent. At the end of the spring season, Department 58 had a gross margin of 41 percent combined with a turnover rate of 2.3. It has a markup percentage of 48 percent. Which season produced the highest GMROI? 16. Fall GMROI = Spring GMROI = 17. Highest seasonal GMROI = The children's department made the following purchases: Jan. 1: 20 pants purchased at $20 each Feb. 1: 20 pants purchased at S20 each Mar. 1: 50 pants purchased at $20 each On April 30, 15 pants remained in stock. What is the inventory value of these pants based on both LIFO and FIFO? 18. LIFO = 19. FIFO =