An online shoe retailer's annual cost of holding inventory is 40 percent. The firm operates with...
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An online shoe retailer's annual cost of holding inventory is 40 percent. The firm operates with a days-of-supply of 24 days, and assume there are 365 days per year. What is the inventory holding cost (in $s) for a pair of shoes that the firm purchased for $52? Note: Round your answer to 2 decimal places. An online shoe retailer's annual cost of holding inventory is 40 percent. The firm operates with a days-of-supply of 24 days, and assume there are 365 days per year. What is the inventory holding cost (in $s) for a pair of shoes that the firm purchased for $52? Note: Round your answer to 2 decimal places.
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