Find the economic ordering quantity

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Reference no: EM132032559

Graham Tire has projected sales of 84,000 tires this year with an ordering cost of $4.00 per order and carrying costs of $2.00 per tire. Find: (1) the economic ordering quantity; (2) the number of orders to be placed during the year; and (3) the average inventory.

Reference no: EM132032559

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