What is the value of their cash and marketable securities

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Liquidity and Asset Management Ratios Oasis Products, Inc. has current liabilities = $10.2 million, current ratio = 1.70 times, inventory turnover ratio = 12.2 times, average collection period = 22 days, and sales = $102 million. What is the value of their cash and marketable securities? (Consider a 365 days a year.)

Reference no: EM13320544

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