Aston Martin Companys budgeted sales and budgeted cost of goods sold for the coming year are $144,000,000

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Aston Martin Company’s budgeted sales and budgeted cost of goods sold for the coming year are $144,000,000 and $90,000,000 respectively. Short-term interest rates are expected to average 10%. If Aston Martin can increase inventory turnover from its present level of 9 times a year to a level of 12 times per year, compute its expected cost savings for the coming year.

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Intermediate Accounting 2007 FASB Update Volume 2

ISBN: 9780470128763

12th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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