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Williams & Sons last year reported sales of $45 million, cost of goods sold (COGS) of $35 million, and an inventory turnover ratio of 5
Williams \& Sons last year reported sales of $45 million, cost of goods sold (COGS) of $35 million, and an inventory turnover ratio of 5 . Thempany maintaining the same level of sales and COGS, 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. Round your answer to the nearest dollar. $
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