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Will there be cost savings for the company

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Question - Budgeted sales and cost of sales of year 2 are the same with year 1 actual data, Php25.2 M and Php14.4 M, respectively. Although inventory turnover increased from 9 to 12 during year 1 to year 2. If short-term interest rates are expected to average at 8%, will there be cost savings for the company?

Reference no: EM132981923

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