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In the previous year, Baker reported $ 1 9 million in sales, $ 9 million in cost of goods sold ( COGS ) , and
In the previous year, Baker reported $ million in sales, $ million in cost of goods sold COGS and an inventory turnover ratio of The business is currently implementing a new inventory system. How much cash will be freed up if the new system is able to lower the company's inventory level and raise the inventory turnover ratio to while keeping the amount of sales and COGS the same?
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