In 2018, Proctor and Gamble reported inventory of $5.017 billion and cost of goods sold of $66.832 billion. Proctor and Gamble has an annual holding cost percentage of 30% Express your answer as a percentage and round to two decimal places. What was their holding cost as a percentage of cost of goods sold during 2018?
In 2018, Proctor and Gamble reported inventory of $5.017 billion and cost of goods sold of $66.832 billion. Proctor and Gamble has an annual holding cost percentage of 30% Express your answer as a percentage and round to two decimal places. What was their holding cost as a percentage of cost of goods sold during 2018?
Purchasing and Supply Chain Management
6th Edition
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Chapter16: Lean Supply Chain Management
Section: Chapter Questions
Problem 10DQ: The chapter presented various approaches for the control of inventory investment. Discuss three...
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![Additional Algo 10-5 Inventory Holding Cost
In 2018, Proctor and Gamble reported inventory of $5.017 billion and cost of goods sold of $66.832 billion. Proctor and Gamble has an
annual holding cost percentage of 30%
Express your answer as a percentage and round to two decimal places.
What was their holding cost as a percentage of cost of goods sold during 2018?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6cb90ef8-ca2b-42ce-8ed7-ea57f0b17ae7%2F25d64714-b31d-4262-a40a-437a0f7c8e9e%2Fwk6hnzl_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Additional Algo 10-5 Inventory Holding Cost
In 2018, Proctor and Gamble reported inventory of $5.017 billion and cost of goods sold of $66.832 billion. Proctor and Gamble has an
annual holding cost percentage of 30%
Express your answer as a percentage and round to two decimal places.
What was their holding cost as a percentage of cost of goods sold during 2018?
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