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3. Taft Technologies has the following relationships: Annual sales $1,200,000.00 Current liabilities $ 375,000.00 Days sales outstanding (DSO) (365-day year) 00 Inventory turnover ratio 80

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3. Taft Technologies has the following relationships: Annual sales $1,200,000.00 Current liabilities $ 375,000.00 Days sales outstanding (DSO) (365-day year) 00 Inventory turnover ratio 80 Current ratio 20 The company's current assets consist of cash, inventories, and accounts receivable. How much cash does Taft have on its balance sheet? 4. Keller Cosmetics maintains a profit margin of 5 percent and asset turnover ratio of 3 5. What is its ROA? 6. If its debt-equity ratio is 1.0, its interest payments and taxes are each $8,000, and EBIT is $20,000, what is its ROE

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