What is the value of their cash and marketable securities

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Reference no: EM131571551

Liquidity and Asset Management Ratios Oasis Products, Inc. has current liabilities = $10.0 million, current ratio = 1.50 times, inventory turnover ratio = 12.0 times, average collection period = 20 days, and sales = $100 million. What is the value of their cash and marketable securities? (Consider a 365 days a year.)

$17,146,118

$8,333,333

$1,187,215

$15,000,000

Reference no: EM131571551

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