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1. SJU Resources last year reported sales of $85 million and an inventory turnover ratio of 1.5. The company is now adopting a new inventory

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1. SJU Resources last year reported sales of $85 million and an inventory turnover ratio of 1.5. 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 3 while maintaining the same level of sales, how much cash will be freed up

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