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Mandesa, Inc. has current liabilities of $6 million, current ratio of 1.7 times, inventory turnover ratio of 11 times, average collection period of 30 days,
Mandesa, Inc. has current liabilities of $6 million, current ratio of 1.7 times, inventory turnover ratio of 11 times, average collection period of 30 days, and sales of $41 million. |
Calculate the value of cash and marketable securities. (Enter your answer in dollars not in millions. Round your intermediate calculations and final answer to the nearest dollar amount. Use 365 days a year. Omit the "$" sign in your response.) |
Cash and marketable securities = | $ |
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