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2 Tortuga Industries has the following financial data: total asset 2.0 gross profit margin 25% liabilities to asset ratio 50% turnover quick ratio 0.6 days'
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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 0.6 days' sales outstanding 36.5 4.0 inventory turnover retained earnings total assets $700,000 long-term debt $80,000 $200,000 What is Tortuga's cash amount? $8,000 $12,000 $22.000 $18,000 Step by Step Solution
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