Question: Macys has the following: Sales= $ 15,000,000. Inventory = $ 2,000,000. Accts. receivable = $3,000,000. Accts. Payable = $ 1,000,000. Cost of Goods Sold =

  1. Macys has the following:

Sales= $ 15,000,000.

Inventory = $ 2,000,000.

Accts. receivable = $3,000,000.

Accts. Payable = $ 1,000,000.

Cost of Goods Sold = 80% of sales and interest on a bank loan is 80%

What Is its cost of Capital.?

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