Companys current assets comprise of cash inventories and , Ask an Expert

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Q1) Taft Technologies has the following relationships:

Annual sales	$1,200,000
Current liabilities	$375,000
Days sales outstanding (DSO) (360-day year)	40
Inventory Turnover ratio	4.8
Current ratio	1.2

Company's current assets comprise of cash, inventories, and accounts receivable. How much cash does Taft have on its balance sheet?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M921288

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