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Sarasota Company's budgeted sales and budgeted cost of goods sold for the coming year are $129,870,000 and $89.640.000, respectively. Short-term interest rates are expected to

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Sarasota Company's budgeted sales and budgeted cost of goods sold for the coming year are $129,870,000 and $89.640.000, respectively. Short-term interest rates are expected to average 10%. If Sarasota can increase inventory tumover from its present level of 9 times a year to a level of 10 times per year. Compute its expected cost savings for the coming year. Expected Cost Savings 5

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