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An online shoe retailer's annual cost of holding inventory is 3 4 percent. The firm operates with a days - of - supply of 1

An online shoe retailer's annual cost of holding inventory is 34 percent. The firm operates with a days-of-supply of 19 days, and assume there are 365 days per year.
(Round your answer to 2 decimal places.)
What is the inventory holding cost (in $s) for a pair of shoes that the firm purchased for $48? a pair
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