Question
Last year a company reported a sale to USD 8million and inventory turnover ratio of 4. Its is now optin a new inventory system is
Last year a company reported a sale to USD 8million and inventory turnover ratio of 4.
Its is now optin a new inventory system is able to reduce the firms inventory level and increase the firms inventory turnover ratio to 6 while maintaining the same level of sales. How much cash will be freed up.
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International Financial Management
Authors: Cheol Eun, Bruce Resnick
7th Edition
0077861604, 9780077861605
