Explain how much cash will be freed up

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Reference no: EM13111088

Q. Williams and Sons last year reported sales of $10 million and inventory turnover ratio of 2. The industry is now adopting a new inventory system if the new system is able to reduce the organization's inventory level and increase the organization's inventory turnover ratio to 5 while maintaining the same level of sales, explain how much cash will be freed up?

Reference no: EM13111088

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