Taft Technologles has the following relationships.

annual sales $$1,200,000$

current liabilities $$375,000$

days soles outstand ing$($D$50)(360-$day year$)40$

Imventory Turnover Rotio $4\mathrm{.}8$

current ratio $12$

The company's current assets consist of cash, inventorles, and accounts recelvable. How

much cash does Taft have on its balance sheet, knowing also that the company's Cost of