Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. tortuga industries has the following financial dat

Tortuga Industries has the following financial data: total asset 1.4 gross profit margin turnover 20%...

70.2K

Verified Solution

Question

Finance

image
Tortuga Industries has the following financial data: total asset 1.4 gross profit margin turnover 20% liabilities to asset ratio 45% 3.0 quick ratio 0.5 days sales outstanding 36,5 total assets $600,000 long-term debt $75,000 What is Tortuga's cash amount? inventory turnover retained earnings $150,000 $8,000 $9.250 O $13,500 O $12.575

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

The manufacturers of Good-O use two different types of machines to fill their 25 kg packs...

Chemistry
1.2K views

32. Calculate the [H+]of the ammonium hydroxide solution from a pH of 10.63. mol/L= ? 33. Display the...

Physics
1.2K views

Steam at 100°C is added to ice at 0°C. (a) Find the amount of ice melted...

Biology
1.2K views

Important characteristics of antimicrobial drugs include...low toxicity for human tissueshigh toxicity against microbial cellsdo not...

Physics
1.2K views

A rectangular loop of sides 6 cm and 2 cm with a small cut is...

Basic Math
1.2K views

A small company has 10 000 shares Stephen owns 500 of these shares The company...

Basic Math
1.2K views

The following circle graph shows the percent of the types of books available at Midway...

Calculus
1.2K views

Evaluate the following definite integral 6 S 18x x 9 dx O 0 O S18x...

Algebra
1.2K views

The function f(x) = sin a can be transformed to a function equivalent tog(x): =...

Accounting
1.2K views

Question 5 On 1 July 2020, Big Ltd acquired all the issued share capital of...

Accounting
1.2K views

The correct answer is formatted as a 4 number fasb codification. ...

Finance
1.2K views

Bamburg Ltd's retained earnings at the date of acquisition was $ 135,000. No ordinary shares...