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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 cash amount?
Group of answer choices
$9,250
$8,000
$13,500
$12,575
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