How much cash will be freed up, Financial Accounting

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How much cash will be freed up

Response to the following problem:

Williams & Sons last year reported sales 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, how much cash will be freed up?

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Financial Accounting: How much cash will be freed up

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Financial Accounting: How much cash will be freed up

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