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How much cash will be freed up

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Question 1: Williams & Sons last year reported sales of $143 million, cost of goods sold (COGS) of $119 and an inventory turnover ratio of 5. The company is now adopting a new inventory system. If the new system is able to reduce the firm's inventory level and increase the firm's inventory turnover ratio to 8 while maintaining the same level of sales and COGS, how much cash will be freed up? Do not round intermediate calculations. Round your answer to the nearest dollar.

Reference no: EM132502408

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