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Liquidity and Asset Management Ratios Oasis Products, Inc. has current liabilities = $9.8 million, current ratio = 2.00 times, inventory turnover ratio = 12.5 times,

Liquidity and Asset Management Ratios Oasis Products, Inc. has current liabilities = $9.8 million, current ratio = 2.00 times, inventory turnover ratio = 12.5 times, average collection period = 25 days, and sales = $111 million. What is the value of their cash and marketable securities? (Consider a 365 days a year.)

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