You have been attending a small and medium-sized companies' trade conference where one of the topics was inventory management. You have gathered and shared the following information on cutting tools:

Required:
(a) Calculate the EOQ for cutting tools for each company.
(b) Calculate the number of orders per year. Round up to the nearest unit.

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Quantity of tools sold each year Annual unit holding cost Cost of placing an order Alton West Industries Niagara Supplies Ltd. 5,000 $7.50 Ltd 12,000 $4.50 375.00 Ltd. 7,500 $6.75 $500.00 $425.00