How much cash would be freed up

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Reference no: EM13725495

Below is selected data from Sun Corporation

Total Assets
$ 9,000
Current assets
$ 4,000
Inventory
$3,200
Sales (for the year 2014)
$21,000
Cost of Goods sold (for the year)
$28,800

Sun has maintained the same inventory levels throughout 2014. If end of year inventory turnover was increased to 11 through more efficient relationships with suppliers, how much cash would be freed up (round off to the nearest dollar)

Reference no: EM13725495

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