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GMROI stands for

Turnover is

Given the following figures: Average Stock:  $400,000 Average Sales:   $275,000 Turnover:         2.5   What is Basic Stock?       

Planned Sales for the month of August are $75,600. Additionally, the following figures are planned: BOM stock (August 1): $180,000 Reductions for August: $8,000 EOM stock for August: $165,000 Merchandise On Order as of August 1 is $10,000.   What is the Open to Buy (OTB) as of August 1?

If last year’s actual sales were $384,000.00 and planned sales for this year are expected to increase 5.75%, what is the planned sales figure (dollar) for this year?

The Cost Percent

If planned sales for a 6-month period are $800,000 and reductions are 14.00%, what are the total planned reductions?

In a 6-month plan, if total planned sales are $500,000 and sales for November are planned to be 15.00%, what are the planned sales for November?

If planned sales for the month are $18,000.00, and the average stock is $27,000.00, what is the stock:sales ratio?

The basic ‘formula’ for OTB is: