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Liquidity and Asset Management Ratios Oasis Products, Incorporated has current liabilities = $ 1 1 . 2 million, current ratio = 1 . 7 0

Liquidity and Asset Management Ratios Oasis Products, Incorporated 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 365 days a year.)

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