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Howard's Comics, Inc. with annual sales of $9 million increases its inventory turnover from 4.0 to 5.0. How much would Howard's Comics, Inc. save annually
Howard's Comics, Inc. with annual sales of $9 million increases its inventory turnover from 4.0 to 5.0. How much would Howard's Comics, Inc. save annually in interest expense if the cost of carrying inventory is 4.5%?
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$20,250 | ||
$45,000 | ||
$5,000 | ||
$15,500 |
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