Final answer:
The balance of merchandise inventory as of 1/31/2025 cannot be determined without specific data on purchases, sales, and returns.
Step-by-step explanation:
The balance of merchandise inventory as of 1/31/2025 cannot be determined with the information provided. The question seems to be referring to the balance of merchandise inventory in a business context, which is the total value of goods available for sale at a given time. Without specific data about the purchases, sales, and returns during the relevant period, it is not possible to calculate the balance of merchandise inventory. It would require detailed accounting records and transactions related to the inventory to determine its balance.