Deka Dl's is a small company run by a group of students who spin discs for parties in the Burlington and Mitton area. They find they always seem to be out of money. Perhaps they're spending too much ... perhaps they aren't collecting their bill In June, July, and August, they invoiced $155,000 worth of business, but they still have to collect on $72,000 of it. One member feels they need to give clients more time to pay, however, a 30 -day credit term is an industry standard. One member recognizes that if they can find some money, they can buy more equipment, and earn a 10% ROI. Slash Liquidators offers a wide assogiment of items from clothing to electronics at deep discount prices. Slash gets its products from companies who have had fires, flooding, bankruptcy or other disasters and want to get rid of all their stock very fast and very cheaply. The boyers at Slash love a deal and jump at the chance to get large amounts of good qually merchandise at rock bottom prices. flecently, when the owners decided to build a warehouse they found they didn't have the cash. Their accountant showed them that they had sales of $25,750,000 in the previous year, but were holding inventories of $15,350,000. coGS is ustally Gon of Sales Revenue. Use cell referencine when possible. Determine: 1. How mary inventory tums is Slash currently achleving? 2. If they could reduce their inventory so it turns 2.5 per year, how much money would that release? 3. If the warehouse allows them to service a new market that will bring them a 14% retum, how much profit will they be making on their inventory reduction