Taft Technologies has the following relationships Annual sales $1,200,000 00 Current liabilities $ 375,000 00 Days sales outstanding (DSO) (365 day year) 40 00 Inventory turnover ratio 4 80 Current ratio 1 20 The company 's current assets consist of cash, inventories, and accounts receivable How mu...

Annual sales 120000000 Receivable days Receivables sal ...

Taft Technologies has the following relationships: Annual sales.............................................................$1,200,000.00 Current liabilities.......................................................$ 375,000.00 Days sales outstanding (DSO) (365-day year)

Question:

Taft Technologies has the following relationships:
Annual sales.............................................................$1,200,000.00
Current liabilities.......................................................$ 375,000.00
Days sales outstanding (DSO) (365-day year) .....................40.00
..........................................................4.80
Current ratio............................................................................1.20
The company's current assets consist of cash, inventories, and accounts receivable. How much cash does Taft have on its balance sheet?
Inventory Turnover Ratio
Inventory Turnover RatioThe inventory turnover ratio is a ratio of cost of goods sold to its average inventory. It is measured in times with respect to the cost of goods sold in a year normally. Inventory Turnover Ratio FormulaWhere,...