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What is its cost saving in the coming year

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Question - Down Under Company's budgeted sales and budgeted cost of sales for the coming year are P126 million and P72 million, respectively. Short-term interest rates are expected to average 10%. If Down Under can increase inventory turnover from its current level of nine times per year to a level of 12 times per year, what is its cost saving in the coming year?

Reference no: EM132943911

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