17. Hollyhock Co. currently has sales of $4,800,000 and inventory of $400,000. The company believes it can manage its inventories better next year and increase its inventory turnover ratio to 16x, while maintaining the same level of sales ($4,800,000). The cash freed up will be used to buy back stock at $25 per share. How many shares can Hollyhock buy with the cash freed up? O a. 2,000 O b. 4,000 O c. 8,000 O d. 12,000