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Inventory Management Wiltiams & Sons last year reported sales of 56 million, cost of goods sold (COGS) of $4 million, and an invintory tumover ratio

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Inventory Management Wiltiams \& Sons last year reported sales of 56 million, cost of goods sold (COGS) of $4 million, and an invintory tumover ratio of 2 . The company is now adopting a new inventory system. If the new system is able to reduce the firm's inventory level and increase the firm's inventory turnever fatio to 4 while maintaining the same level of sales and cocs, how much cash will be freed up? Do not round intermediate calculations. Enter your answer in dollars. For example, an answer of $1,23 million should be entered as 1,230,000,000. Mound your answer to the nearest dollat: 5

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