Business, 23.11.2020 14:00, ChiefRedCloud

A firm has an Inventory turnover (IT) of 5 times a year on a cost of goods sold (COGS) of $800,000. If the firm improves the inventory turnover to 8 times a year while the COGS remains the same, which of the following statements is true? a $100,000 is additionally invested in purchasing stock.

b. $160,000 is released into the working capital.

C. $60,000 is additionally invested into purchasing stock

d. $60,000 is released into the working

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A firm has an Inventory turnover (IT) of 5 times a year on a cost of goods sold (COGS) of $800,000....