A firm’s inventory turnover of Rs.8,00,000 is 5 times the cost of goods sol(d) If the inventory turnover is improved to 8 with the cost of goods sold remaining the same, a substantial amount of fund is either released from, or gets additionally invested in, inventory. Which one of the following statements is correct?
(a) Rs. 1,60,000 is released
(b) Rs. 1,60,000 is additionally invested
(c) Rs. 60,000 is released
(d) Rs. 60,000 is additionally invested