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, an amount of _________. 

A $160,000 is released 
B $60,000 is released 
C $100,000 is additionally invested 
D $60,000 is additionally invested 

+ Answer
C 

+ Explanation
answer not sure

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Md. Habib Ullah

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