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Question 33 - CSCP discussion
A company's annual cost of goods sold is $350 million, and inventory carrying cost is 18%. The company averages four inventory turns. The cost savings resulting from increasing inventory turns from four to six would be:
A.
$29,000,000.
B.
$15,750,000.
C.
$10,500,000.
D.
$ 5,250,000.
Your answer:
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