Q1) 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 |
Company's current assets comprise of cash, inventories, and accounts receivable. How much cash does Taft have on its balance sheet?