Question: PA 1 0 - 1 6 ( Algo ) A computer company's yearly inventory cost... A computer company's yearly inventory cost is 4 8 percent

PA 10-16(Algo) A computer company's yearly inventory cost...
A computer company's yearly inventory cost is 48 percent (which accounts for the cost of capital for financing the inventory, warehouse space, and the cost of obsolescence). Last year, the company had $425 million in inventory and cost of goods sold of $38 billion.
What is the company's total inventory cost for the year (in million $s)?
Note: Round your answer to the nearest integer.
Total inventory cost
million
 PA 10-16(Algo) A computer company's yearly inventory cost... A computer company's

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