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  • 22-05-2023
  • Business
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In 2018, Colgate-Palmolive reported inventory of $1.25 billion and cost of goods sold of $15.544 billion. Colgate-Palmolive 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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