What is the value of their cash and marketable securities

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Reference no: EM131359105

Liquidity and Asset Management Ratios Oasis Products, Inc. has current liabilities = $11.1 million, current ratio = 1.60 times, inventory turnover ratio = 12.1 times, average collection period = 21 days, and sales = $113 million. What is the value of their cash and marketable securities? (Consider a 365 days a year.)

A) $18,519,056

B) $17,760,000

C) $9,338,843

D) $1,919,787

Reference no: EM131359105

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