Impact of change in credit policy on the debt ratiotaft

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Impact of change in credit policy on the debt ratio.

Taft Technologies has the following relationships:

Annual sales	$1,200,000
Current liabilities	$375,000
Days sales outstanding (DSO) (360-day year)	40
Inventory Turnover ratio	4.8
Current ratio	1.2

The company's current assets consist of cash, inventories, and accounts receivable. How much cash does Taft have on its balance sheet?

Reference no: EM13356280

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