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Liquidity and Asset Management Ratios Oasis Products,

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Liquidity and Asset Management Ratios Oasis Products, Inc. has current
liabilities = $11.4 million, current ratio = 1.90 times, inventory turnover ratio = 12.4 times, average collection period = 24 days, and sales = $116 million. What is the value of their cash and marketable securities? (Consider a 365 days a year.)

 
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