Calculate the value of cash and marketable securities

Assignment Help Financial Management

Reference no: EM131012324

Mandesa, Inc., has current liabilities of $8 million, current ratio of 2 times, inventory turnover of 12 times, average collection period of 30 days, and credit sales of $64 million. Calculate the value of cash and marketable securities. (Use 365 days a year. Round your intermediate calculations and final answer to the nearest dollar amount.)

Reference no: EM131012324

Questions Cloud

Bond is the interest rate you earn on your investment : The YTM on a bond is the interest rate you earn on your investment if interest rates don’t change. If you actually sell the bond before it matures, your realized return is known as the holding period yield (HPY). a. Suppose that today you buy a bond ..

Which is on the verge of applying for a patent : John Poe works for a successful tech company – “REC TECH” which is on the verge of applying for a patent on an amazing breakthrough involving computers. John tells his brother, Edgar about this and asks Edgar to have his long standing girlfriend to b..

What you learned about the continuum of exceptionalities : Given what you have learned about the continuum of exceptionalities, what recommendations would you make? Provide reasons to support your answer

Conduct preliminary searches before finalising the choice : Conduct some preliminary searches before finalising the choice of company-make sure that there are enough secondary data available on the company

Calculate the value of cash and marketable securities : Mandesa, Inc., has current liabilities of $8 million, current ratio of 2 times, inventory turnover of 12 times, average collection period of 30 days, and credit sales of $64 million. Calculate the value of cash and marketable securities.

Research the role of the public health department : What factors do you think you control that will help you have a higher quality of health?

How much value will be forgone : Poston Inc. is considering Projects S and L whose cash flows are shown below. These projects are mutually exclusive (must choose one or the other) equally risky, and not repeatable. If the decision is made by choosing the project with the higher IRR,..

Find dimensions of channel for least expenditure of energy : A trapezoidal channel having side slopes of 2 horizontal and 1 vertical discharges 14.35 m3/s of water at a velocity of 1.0m/s. The channel lining has a roughness coefficient, n = 0.013. Find the dimensions of the channel for the least expenditure..

What is your annual payment to big attitude : You are borrowing money to buy your first house that costs $350,000. You go to the first bank you see, Big Attitude Bank, and they are charging 4.25% interest. What is your annual payment to Big Attitude? What is your annual payment to Super Cheap Ba..

User Account

All Pages