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Heartland Company's budgeted sales and budgeted cost of goods sold for the coming year are $146,810,000 and $30,651,000 respectively. Short-term interest rates are expected to average 10%. If Heartland can increase inventory turnover from its present level of 9 times a year to a level of 12 times per year, compute its expected cost savings for the coming year.

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Category:- Accounting Basics
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