The toddlers department recorded the following stock activity during the Spring season (February July). BOM(R) Sales
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Question:
The toddler’s department recorded the following stock activity during the Spring season (February – July).
BOM(R) | Sales | |
February | $70,000 | $65,200 |
March | $95,000 | $79,800 |
April | $120,000 | $95,000 |
May | $110,000 | $100,000 |
June | $105,000 | $124,000 |
July | $86,000 | $90,800 |
August | $79,000 |
1. What was this department’s average inventory at retail for the Spring season?
2. What was the department’s seasonal inventory turnover?
3. If this department achieved a gross margin of 42% with a cumulative markup of 62%, what was the GMROI of the department in the Spring season?
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