Question
Liquidity and Asset Management Ratios Oasis Products, Inc. has current liabilities = $11.3 million, current ratio = 1.80 times, inventory turnover ratio = 12.3 times,
Liquidity and Asset Management Ratios Oasis Products, Inc. has current liabilities = $11.3 million, current ratio = 1.80 times, inventory turnover ratio = 12.3 times, average collection period = 23 days, and sales = $115 million. What is the value of their cash and marketable securities? (Consider a 365 days a year.)
A-$20,340,000
B-$3,743,832
C-$9,349,593
D-$16,905,761
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Applied Quantitative Finance
Authors: Härdle
3rd Edition
3662544857, 978-3662544853
