Question: b . Drilling down into the numbers, Max has determined that the dealership s new and used business appears to behave differently. He has determined

b. Drilling down into the numbers, Max has determined that the dealerships new and used business appears to behave differently. He has determined that the turns of new vehicles are 7.2 per year, while turns of used vehicles are 9.6 per year. Holding a new vehicle in inventory for a month costs JVM roughly $175. Holding the average used vehicle in inventory for a month costs roughly $145. What are JVMs average monthly financing costs per vehicle?

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