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Liquidity and Asset Management Ratios Oasis Products, Incorporated has current liabilities = $ 1 1 . 0 million, current ratio = 1 . 5 0

Liquidity and Asset Management Ratios Oasis Products, Incorporated has current liabilities =$11.0 million, current ratio =1.50 times, inventory turnover ratio =12.0 times, average collection period =20 days, and sales =$112 million. What is the value of their cash and marketable securities?(Consider 365 days a year.)
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$19,303,652
$16,500,000
$9,333,333
$1,029,681
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