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If Colgate-Palmolive alters packaging to comply with sustainability issues, their inventory cost and cost of...

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Accounting

If Colgate-Palmolive alters packaging to comply with sustainability issues, their inventory cost and cost of goods sold will increase by 10%. Sales are expected to decrease by 2%. Assume cost of goods sold is variable, i.e. if sales go up, so does COGS. What would be the new Inventory Turnover Ratio for the current year? (7 points)

How do I figure this out? Would love some equations

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