Question: Suppose a companys average aggregate inventory value is $450,000 and it has inventory turns of 15 times a year. (a) Compute the companys annual cost

Suppose a companys average aggregate inventory value is $450,000 and it has inventory turns of 15 times a year. (a) Compute the companys annual cost of goods sold. (b) Suppose the company is trying to increase its inventory turns to 25 times a year by reducing the average aggregate inventory value while keeping the annual cost of good sold unchanged. To what value should the average aggregate inventory value be reduced?

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