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1) Liquidity and Asset Management Ratios Crump Products, Inc. has current liabilities = $10.7 million, current ratio = 1.60 times, inventory turnover ratio = 12.1

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1) Liquidity and Asset Management Ratios Crump Products, Inc. has current liabilities = $10.7 million, current ratio = 1.60 times, inventory turnover ratio = 12.1 times, average collection period = 21 days, and sales = $107 million. What is the value of their cash and marketable securities? (Consider a 365 days a year.)

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