Liquidity and Asset Management Ratios Oasis Products, Inc. has current liabilities = $9.9 million, current...
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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.)
A). $8,870,968
B). $2,706,155
C). $16,064,813
D). $18,810,000
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