Calculate the gmroi and inventory turnover

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Reference no: EM131512133

Question: 1. Calculate the GMROI and inventory turnover given annual sales of $20,000, average inventory (at cost) of $4,000, and a gross margin of 45 percent.

2. As the athletic shoe buyer for Sports Authority, how would you go about forecasting sales for a new Nike running shoe?

3. Using the 80-20 principle, how can a retailer make certain that it has enough inventory of fast-selling merchandise and a minimal amount of slow-selling merchandise?

Reference no: EM131512133

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