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Find expected cost savings for the coming year

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Reference no: EM132990149

Hillshire Company's budgeted sales and budgeted cost of goods sold for the coming year are $129,870,000 and $89,640,000, respectively. Short-term interest rates are expected to average 10%. If Hillshire 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: EM132990149

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