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Mandesa, Inc. has current liabilities of $8,700,000, current ratio of 1.9 times, inventory turnover of 11 times, average collection period of 37 days, and credit

Mandesa, Inc. has current liabilities of $8,700,000, current ratio of 1.9 times, inventory turnover of 11 times, average collection period of 37 days, and credit sales of $64,700,000.

Calculate the value of cash and marketable securities.

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