Given that inventory valued at full cost equals $10.3 million, variable cost of the inventory is 70.6% of the full cost, and the inventory carrying cost is 30%, then the cost of carrying the inventory investment for one year is (your answer must be accurate to the nearest dollar)

Afirm wants to strengthen its financial position. which of the following actions would increase its current ratio? a. reduce the company's days' sales outstanding to the industry average and use the resulting cash savings to purchase plant and equipment.b. use cash to repurchase some of the company's own stock.c. borrow using short-term debt and use the proceeds to repay debt that has a maturity of more than one year.d. issue new stock, then use some of the proceeds to purchase additional inventory and hold the remainder as cash.e. use cash to increase inventory holdings.