This is the relationship between the difference in cost and retail price and stock turn:
A)Gross margin return on inventory investment
B)Return on assets
C)Sales per cubic foot
D)Sales per square foot

Question

Quizplus · Accepted Answer

Gross margin return on inventory investment (GMROI) is a financial ratio that measures the profitability of your inventory. It is calculated by dividing your gross margin by the average inventory cost. A high GMROI indicates a profitable inventory investment, which means that the difference between the cost and retail price is favorable for the business. This ratio is closely related to stock turn, as both indicate how efficiently a business is managing its inventory.

This Is the Relationship Between the Difference in Cost and Retail