Question: Williams & Sons last year reported sales of $15 million, cost of goods sold (CDGS) of $12 million, and an inventory turnover ratio of 2

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Williams \& Sons last year reported sales of $15 million, cost of goods sold (CDGS) of $12 million, and an inventory turnover ratio of 2 . The compony is now adopting a new inventory system. If the new system is able to reduce the firm's inventory level and increase the firm's inventory tumover ratio to 6 while maintaining the same level of sales and COGS, how much cash will be freed up? Do not round intermediate calculations. Enter your answer in doflars. For example, an answer of $1.23 million should be entered a5 1,230,000,000, Round your answer to the nearest dollar. $

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