Question: Calculate the GMROI ( round your final answer to two decimal places ) given the following figures: Gross Margin........... 38% Stock Turn........... 2.8 Markup %...........

Calculate the GMROI (round your final answer to two decimal places) given the following figures:

Gross Margin........... 38%

Stock Turn........... 2.8

Markup %........... 52.5%

A.

GMROI= 2.37
B.

GMROI= 2.23
C.

GMROI= 2.02
D.

GMROI= 3.87

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