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Taft Technologies has the following relationships Annual sales RM1,200,000.00 Current liabilities RM 375,000.00 Days sales outstanding (DSO) (365-day year) 40.00 Inventory turnover ratio 4.80 Current

Taft Technologies has the following relationships

Annual sales RM1,200,000.00

Current liabilities RM 375,000.00

Days sales outstanding (DSO) (365-day year) 40.00

Inventory turnover ratio 4.80

Current ratio 1.20X

The companys current assets consist of cash, inventories, and accounts receivable. How much cash does Taft have on its balance sheet?

please explain briefly. lecture advised COGS can use sales amount

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