What is the economic ordering quantity

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Reference no: EM13294366

Midwest Tires has expected sales of 12,000 tires this year, an ordering cost of $6 per order, and carrying costs of $1.60 per tire.

a. What is the economic ordering quantity?
b. How many orders will be placed during the year?
c. What will the average inventory be?

Reference no: EM13294366

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