Best writers. Best papers. Let professionals take care of your academic papers

Order a similar paper and get 15% discount on your first order with us
Use the following coupon "FIRST15"
ORDER NOW

Williams & Sons last year reported sales of $48 million, cost of goods sold (COGS) of $40 and an inventory turnover ratio of 4.

/in /by

Problem 16-01

Inventory Management

Williams & Sons last year reported sales of $48 million, cost of goods sold (COGS) of $40 and an inventory turnover ratio of 4. 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? Do not round intermediate calculations.

Round the answer to the nearest dollar.

$  

 
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"