Find the most accurate interpretation of 2.3 GMROI figure. The gross...
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Accounting
Find the most accurate interpretation of 2.3 GMROI figure. The gross sales needs to be 2.3 times gross margin for the month For every $1 invested in average stock, $2.3 in sales were generated The inventory needs to be 2.3 times average stock for the month For every $1 invested in inventory, $2.3 in gross margin was generated
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