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Mandesa, Inc., has current liabilities of $8,600,000, current ratio of 2.0 times, inventory turnover of 12 times, average collection period of 30 days, and credit

Mandesa, Inc., has current liabilities of $8,600,000, current ratio of 2.0 times, inventory turnover of 12 times, average collection period of 30 days, and credit sales of $64,000,006. Calculate the value of cash and marketable securities

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