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The Blue Corp. last year reported sales of $ 1 2 million, cost of goods sold of $ 1 0 million, and an inventory turnover
The Blue Corp. last year reported sales of $ million, cost of goods sold of $ million, and an inventory turnover ratio of The company is now adopting a new inventory system. If the new system is able to reduce the firms inventory level and increase the firms inventory turnover ratio to while maintaining the same level of sales and COGS, how much cash will be freed up
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