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Blossom Company budgeted sales and budgeted cost of goods sold for the coming year are $ 1 3 1 , 4 1 0 , 0

Blossom Company budgeted sales and budgeted cost of goods sold for the coming year are $131,410,000 and $99,360,000, repectively. Short-term interest rates are expected to average 10%. If blossom can increase inventory turnover from its present level of 9 times a tear to a level of 10 times a year. Compute its expected interest cost savings from the coming year.

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