FI515 Financial Management:  16-1 (Cash Management) Williams & Sons last year reported

FI515 Financial Management: 16-1 (Cash Management) Williams & Sons last year reported

FI515 Financial Management
Week 7 Homework

16-1 Cash Management
Williams & Sons last year reported sales of $10 million and an inventory turnover ratio of 2. 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 5 while maintaining the same level of sales, how much cash will be freed up?
FI515 Financial Management: 16-1 (Cash Management) Williams & Sons last year reported
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