27. Kooks Inc. needs to free-up some cash by managing its inventories. Currently, Kooks has annual cost of goods sold of $1,600,000 and an average inventory balance of $450,000. How much cash will become available if Kooks can shorten its average age of inventory by (8) eight days? (365 days in a year, choose the nearest thousand number). a. $ 35,000 b. $ 56,000 c. $ 137,000 d. $ 200,000 e. None of the above

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