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In the previous year, Baker reported $13 million in sales, $10 million in cost of goods sold (COGS), and an inventory turnover ratio of 1
In the previous year, Baker reported $13 million in sales, $10 million in cost of goods sold (COGS), and an inventory turnover ratio of 1 . 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 7 while keeping the amount of sales and COGS the same
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