What is GMROI?
GMROI is short for Gross Margin Return on Investment.  It's a metric used in retail to quantify the profitability of your purchased inventory.  The formula for it can be simplified to: Gross Margin / Average Cost of Inventory.
### Instruction: What is GMROI?
### Context: 
### Answer: GMROI is short for Gross Margin Return on Investment.  It's a metric used in retail to quantify the profitability of your purchased inventory.  The formula for it can be simplified to: Gross Margin / Average Cost of Inventory.</s>