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Neha Bhatt

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· 1 Months ago

DETAIL SOLUTION (Question: 187303.0 )

EXPLAIN SOLUTION PLEASE

Question:
A firm's inventory turnover (IT) is 5 times on a cost of goods sold (COGS) of $800,000. If the IT is improved to 8 times while the COGS remains the same, a substantial amount of funds is released from or additionally invested in inventory. In fact,
Options:
A) $160,000 is released.
B) $100,000 is additionally invested
C) $60,000 is additionally invested.
D) $60,000 is released.
E)

None of these

Solution:

Ans (d)

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