and $30,192,000...? Budgeted sales and budgeted cost of goods sold for the coming year are $146,080,000 and $30,192,000 respectively. Short-term interest rates are expected to average 10%. If the company can increase inventory turnover from its present level of 9 times a year to a level of 12 times per year, compute its expected cost savings for the coming year.
Budgeted sales and budgeted cost of goods sold for the coming year are $146,080,000
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