Liquidity and Asset Management Ratios Oasis Products, Inc. has current liabilities = $11.2 million, current ratio = 1.70 times, inventory turnover ratio = 12.2 times, average collection period = 22 days, and sales = $114 million. What is the value of their cash and marketable securities? (Consider a 365 days a year.)

$9,344,262

$17,719,757

$19,040,000

$2,824,505