Taft Technologies has the following relationships: Annual sales $1,200,000 Inventory turnover ratio 4.8 Current liabilities...
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Taft Technologies has the following relationships: Annual sales $1,200,000 Inventory turnover ratio 4.8 Current liabilities $375.000 Current ratio 1/2 AAR 40 (360-day year) The company's current assets consist of cash, inventories, and accounts receivable. How much cash does Taft have on its balance sheet? (Round to the nearest peso)
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