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,
a) $160,000 is released.
b) $100,000 is additionally invested.
c) $60,000 is additionally invested.
d) $60,000 is released
