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Tortuga Industries has the following financial data: total asset turnover 1.4 gross profit margin 20% liabilities to asset ratio 45% quick ratio 0.5 days' sales
Tortuga Industries has the following financial data: total asset turnover 1.4 gross profit margin 20% liabilities to asset ratio 45% quick ratio 0.5 days' sales outstanding 36.5 inventory turnover 3.0 total assets $600,000 long-term debt $75,000 retained earnings $150,000 What is Tortuga's cost of goods sold? Group of answer choices $672,000 $480,000 $575,000 $528,000
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