The manager of Contemporary Casuals was trying to determine if the gross margin return on investment had

improved from last year.

This year the average inventory at cost was $62,900 while last year it was $61,600.

Last year net sales were $280,779 and this year they improved to $281,444.

The gross margin percent

for last year was 52.00% and this year it was 52.50%.

Find the percent change in net sales from last year.

Calculate the GMROI for this year and last year and

determine if the GMROI has improved.