Business, 23.11.2020 14:00 ptrlvn01

A firm have an inventory turnover of 5 times a year on a cost of goods sold of $800 000.if the firm improves the inventory turnover to 8 times a year while the cost of goods sold remains the same, which of the following statement is true? A)$100,000 is additionally invested in purchasing stock
b)$160,000 is released into working capital
c)$60,000 is additionally invested in purchasing stock
d)$60,000 is released into working capital

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A firm have an inventory turnover of 5 times a year on a cost of goods sold of $800 000.if the firm...

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