Cash $310,256 Accounts Payable $211,752

Accounts Receivable 183,073

Inventory 328,992 Long Term Debt $305,629

Plant, Property and Equipment 235,230 Common Equity $540,170

Total $1,057,551 $1,057,551

Sales for year totaled $2,505,176 and Cost of Goods Sold was $1,584,339. At the same sales and COGS level, how much capital (cash) could the company free up if it reduced its Inventory Days Outstanding by 20 days? What would be the resulting Debt/Equity ratio if the company used that capital to buy back common stock?