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Mandesa, Inc., has current liabilities of $8,100,000, current ratio of 1.9 times, inventory turnover of 11 times, average collection period of 30 days, and credit
Mandesa, Inc., has current liabilities of $8,100,000, current ratio of 1.9 times, inventory turnover of 11 times, average collection period of 30 days, and credit sales of $64,000,001.
Calculate the value of cash and marketable securities.(Use 365 days a year. Round your intermediate calculations and final answerto the nearest dollar amount.)
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