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Semo Inc. has cost of goods sold [COGS) of $10 million and an inventory turnover of 2. If the company is able to increase its

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Semo Inc. has cost of goods sold [COGS) of $10 million and an inventory turnover of 2. If the company is able to increase its inventory turnover to 5, while maintaining the same level of costs of goods sold, how much cash will be freed up? Select one: a. $5 million b. $2 million c. $10 million d. $1 million e. $3 million Check

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