Liquidity and asset management ratios oasis products

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Liquidity and Asset Management Ratios Oasis Products, Inc. has current liabilities = $9.9 million, current ratio = 1.90 times, inventory turnover ratio = 12.4 times, average collection period = 24 days, and sales = $110 million. What is the value of their cash and marketable securities? (Consider a 365 days a year.)

Reference no: EM131190486

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Liquidity and asset management ratios oasis products : Liquidity and Asset Management Ratios Oasis Products, Inc. has current liabilities = $9.9 million, current ratio = 1.90 times, inventory turnover ratio = 12.4 times, average collection period
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