Kitchen Wizard, a shop for gourmet cooks, is evaluating the sales performance of General Electric brand...

  

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Kitchen Wizard, a shop for gourmet cooks, is evaluating the sales performance of General Electric brand 4-slice toasters. During the last year, the GE brand toasters had net sales of $3,750. The gross margin percent for the GE brand 4-slice toaster was 40%, and the average inventory at cost for that brand of toaster was $750. Calculate the GMROI for a GE 4-slice toaster. Kitchen Wizard, a shop for gourmet cooks, is evaluating the sales performance of General Electric brand 4-slice toasters. During the last year, the GE brand toasters had net sales of $3,750. The gross margin percent for the GE brand 4-slice toaster was 40%, and the average inventory at cost for that brand of toaster was $750. Calculate the GMROI for a GE 4-slice toaster.