Question
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 My lecture said you have to manipulate the formula to understand the balance sheet & if u dont have COGS use sales
i have no idea now please help me
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