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A firm's Inventory turnover (I) is 4 times on a cost of goods sold (COGS) of $400000. If the it is improved to 5 times
A firm's Inventory turnover (I) is 4 times on a cost of goods sold (COGS) of $400000. If the it is improved to 5 times while the COGS remains the same, a substantial amount of funds is released from or additionally Invested in Inventory. In fact, Select one: O a. 40000 is released. O b. 40000 is additionally invested c. 160000 is additionally invested. d. 200000 is released. Check
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