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Please Refer to Table 4-7 for the Following Question

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Please refer to Table 4-7 for the following question.
Table 4-7
Hokie Corporation Comparative Balance Sheet
For the Years Ending December 31, 2009 and 2010
(Millions of Dollars)
Please refer to Table 4-7 for the following question. Table 4-7 Hokie Corporation Comparative Balance Sheet For the Years Ending December 31, 2009 and 2010 (Millions of Dollars) Hokie had net income of $28 million for 2010 and paid total cash dividends of $20 million to their common stockholders. -Certainty Corp.had total sales of $1,200,000 in 2010 (80 percent of its sales are credit).The company's gross profit margin is 25 percent,its ending inventory is $150,000,and its accounts receivable balance is $90,000.What additional amount of cash could the firm have generated if it had increased its inventory turnover ratio to 9.0 and reduced its average collection period to 28.21875 days? Hokie had net income of $28 million for 2010 and paid total cash dividends of $20 million to their common stockholders.
-Certainty Corp.had total sales of $1,200,000 in 2010 (80 percent of its sales are credit).The company's gross profit margin is 25 percent,its ending inventory is $150,000,and its accounts receivable balance is $90,000.What additional amount of cash could the firm have generated if it had increased its inventory turnover ratio to 9.0 and reduced its average collection period to 28.21875 days?

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Currently,cost of goods sold is $900,000...

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