Assume that the firm inventory turn is equal

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Assume that a company has sales of $10.4 million (measured at cost, not sales price). Also assume that the firm's inventory turn is equal to 2 and the inventory carrying costs are equal to 38.1%. If inventory turns are increased from 2 to 5, this would result in decreasing inventory carrying costs by (your answer must be accurate to the nearest dollar):

Reference no: EM131632131

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