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How much is the cost savings for the coming year

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Question - SMILE Company's financial plan for next year shows sales of P4,800,000 and cost of sales of P3,000,000. It expects short-term interest rates to average 12% for the coming year. It aims to increase inventory turnover from the present level of 10 times to 15 times next year. If its plans and objectives would be carried out, how much is the cost savings for the coming year?

Reference no: EM132855390

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