Liquidity and asset management ratios oasis products inc, Ask an Expert

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Liquidity and Asset Management Ratios Oasis Products, Inc. has current liabilities = $10.9 million, current ratio = 1.80 times, inventory turnover ratio = 12.3 times, average collection period = 23 days, and sales = $109 million. What is the value of their cash and marketable securities? (Consider a 365 days a year.)

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