please answer within 30 minutes.. Additional Algo 10-19 Holding CostsAMETEK has cost of goods sold of $2,102 million and annual turns of 4.901. Their holding cost is 32%. What is the total annual cost forcarrying inventory at AMETEK? (in $ million).Note: Round your answer to 1 decimal place.Total cost for carrying this inventorymillion

Average inventory = COGS/inventory turnover Total holding cost = average inventory*holding cost %

Answered: AMETEK has cost of goods sold of $2,102…

Practical Management Science

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AMETEK has cost of goods sold of $2,102 million and annual turns of 4.901. Their holding cost is 32%. What is the total annual cost for carrying inventory at AMETEK? (in $ million). Note: Round your answer to 1 decimal place. Total cost for carrying this inventory million