Question: Question 9 10 Points Ingram Inc. had the following data for 2008 (in millions). The new CFO believes that the company could improve its working

Question 9 10 Points Ingram Inc. had the following data for 2008 (in millions). The new CFO believes that the company could improve its working capital management sufficiently to bring its NWC and CCC up to the benchmark companies' level without affecting either sales or the costs of goods sold. Ingram finances its networking capital with a bank loan at an 8% annual interest rate, and it uses a 365-day year. If these changes had been made, by how much would the firm's pre-tax income have increased? Original Benchmark Data RelatedCCC CCC Sales $100,000 Cost of goods sold $80,000 Inventory (ICP) $20.000 91.25 38.00 Receivables (DSO) $16,000 58.40 20.00 Payables (PDP) $5,000 22.81 30.00 126.84 28.00 2,092 B 2,531 C 2.489 1,901

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