The men's dress shirt department has been given the following information to use in developing a merchandise plan for the fall-winter season: Planned net sales Operating expenses Planned profit Markdowns Stock Turnover $566,000 35.8% 4.0% 15.2% 2.9 (a) Determine the initial markup % and gross margin %. (b) Determine planned sales for each month. (c) Calculate the reductions for each month. August September October November December January Sales 14% 15% 13% 22% 24% 12% % of Season's Reductions 16% 12% 12% 19% 20% 21% (d) Calculate basic stock. (e) Determine BOM stock for each month. (1) Calculate monthly planned purchases at retail| The men's dress shirt department has been given the following information to use in developing a merchandise plan for the fall-winter season: Planned net sales Operating expenses Planned profit Markdowns Stock Turnover $566,000 35.8% 4.0% 15.2% 2.9 (a) Determine the initial markup % and gross margin %. (b) Determine planned sales for each month. (c) Calculate the reductions for each month. August September October November December January Sales 14% 15% 13% 22% 24% 12% % of Season's Reductions 16% 12% 12% 19% 20% 21% (d) Calculate basic stock. (e) Determine BOM stock for each month. (1) Calculate monthly planned purchases at retail|