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Tortuga Industries has the following financial data: total asset turnover 1.2 gross profit margin 20% liabilities to asset ratio 50% quick ratio 0.4 days' sales
Tortuga Industries has the following financial data:
| total asset turnover | 1.2 | gross profit margin | 20% | liabilities to asset ratio | 50% |
| quick ratio | 0.4 | days' sales outstanding | 36.5 | inventory turnover | 4.0 |
| total assets | $500,000 | long-term debt | $80,000 | retained earnings | $125,000 |
What is Tortuga's cost of goods sold?
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Glencoe Business And Personal Finance
Authors: McGraw-Hill
1st Edition
0021400202, 9780021400201
