CourseLover

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    Devry University
    Sep-2004 - Aug-2010

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    NatSteel Holdings Pte Ltd
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Category > Business & Finance Posted 07 Dec 2017 My Price 10.00

how much cash will be freed up

Williams & Sons last year reported sales of $12 million, cost of goods sold (COGS) of $10 million, and an inventory turnover ratio of 2. The company is now adopting a new inventory system. If the new system is able to reduce the firm's inventory level and increase the firm's inventory turnover ratio to 5 while maintaining the same level of sales and COGS, how much cash will be freed up?  

Answers

CourseLover
(12)
Status NEW Posted 07 Dec 2017 07:12 AM My Price 10.00

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