4. A shoe store carries men's shoes, women's shoes, and children's shoes. Comparing their numbers (see...

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4. A shoe store carries men's shoes, women's shoes, and children's shoes. Comparing their numbers (see table), calculate GMROII for each department. Which department is most productive in creating a return on the store's inventory investment? Which department is least productive? Department Gross Profit $ Avg. Cost Inv. $ Men's $125,000 $22,000 Women's $225,000 $28,000 Children's $150,000 $15,500 Based on the following numbers, what is the shoe store's overall GMROII for the year. Turnover 7.0 Annual Gross Profit $500,000 Maintain Margin Initial Margin 40% 65% 4. A shoe store carries men's shoes, women's shoes, and children's shoes. Comparing their numbers (see table), calculate GMROII for each department. Which department is most productive in creating a return on the store's inventory investment? Which department is least productive? Department Gross Profit $ Avg. Cost Inv. $ Men's $125,000 $22,000 Women's $225,000 $28,000 Children's $150,000 $15,500 Based on the following numbers, what is the shoe store's overall GMROII for the year. Turnover 7.0 Annual Gross Profit $500,000 Maintain Margin Initial Margin 40% 65%

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Answer calculate the GMROII Gross Margin Return on Inventory Investment for each department and the overall store Departmental GMROII GMROI Formula GM... View the full answer