Below is selected data for gertup corporation as of 123105

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Below is selected data for Gertup Corporation as of 12/31/05: Total assets $5500 Current assets 2750 long-term debt 450 current ratio 2.5% inventory 1500 for year ending 12/31/05 Sales $18,500 COGS 14,800 Gertup has maintained the same inventory levels throughout 2005. If end of year inventory turnover was increased to 12 through more efficient relationships with suppliers how much cash would be freed up (pick closest number)?

Reference no: EM13609443

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