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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,

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

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