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Find and compute expected cost savings for the coming year

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Blossom Company's budgeted sales and budgeted cost of goods sold for the coming year are $140,500,000 and $99,270,000, respectively. Short-term interest rates are expected to average 10%. If Blossom can increase inventory turnover from its present level of 9 times a year to a level of 10 times per year.

Problem 1: Compute its expected cost savings for the coming year.

Reference no: EM132727200

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