[Lola1985]

Need help solving the following:

Unity Company has made changes in its inventory handling policies that are expected to increase turnover from 7 to 8 times per year. Unity’s budgeted sales and costs of sales for the next year are $42 million and $28 million, respectively. At a 6% interest rate, what are Unity’s expected savings from the lower inventory level?

Help!!

[Never_Give_Up1]

28/7 = 4

28/8 = 3.5

500,000 * .06 = 30,000

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