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1 Tortuga Industries has the following financial data: total asset 2.0 gross profit margin 25% liabilities to asset ratio 50% turnover quick ratio inventory turnover

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Tortuga Industries has the following financial data: total asset 2.0 gross profit margin 25% liabilities to asset ratio 50% turnover quick ratio inventory turnover 4.0 0.6 days' sales outstanding 36.5 $700,000 long-term debt $80,000 total assets retained earnings $200,000 What is Tortuga's cost of goods sold? $1,140,000 O $1,050.000 O $1,170,000 O $1.225,000

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