A local bookstore turns over its inventory once every four months. The bookstore's annual cost of holding inventory is 36 percent. What is the inventory holding cost (in \$) for a book that the bookstore purchases for $ \$ 10 $ and sells for $ \$ 18 ? $ ANSWER 6 A bicycle manufacturer purchases bicycle seats from an outside supplier for $ \$ 20 $ each. The manufacturer's inventory of seats turns over $ 12.44 $ times per year, and the manufacturer has an annual inventory holding cost of 32 percent.

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