A firm's inventory turnover (IT) is 4 times on a cost of goods sold (COGS) of $400000. If the IT is Improved to
5 times while the COGS remains the same, a substantial amount of funds is released from or additionally
invested in inventory. In fact,
Select one:
a. 40000 is released.
b. 40000 is additionally invested.
c. 160000 is additionally invested.
d. 200000 is released.
Check