XYZ Retail Chain is evaluating its quarterly financial performance:

Category	Amount ($)
Cost of Goods Sold
- Beginning Inventory	$1,000,000
- Purchases	$5,000,000
- Ending Inventory	$1,500,000
SG&A Expenses
- Rent	$200,000
- Advertising	$100,000

Requirements:

• Calculate the Cost of Goods Sold (CGS) for XYZ Retail Chain.
• Evaluate the Gross Profit Margin.
• Recommend strategies to optimize inventory turnover by 20% through better procurement.
• Analyze the financial impact of reduced inventory costs on working capital.