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Mandesa, Inc., has current liabilities of $9,100,000, current ratio of 1.8 times, inventory turnover of 10 times, average collection period of 30 days, and credit
Mandesa, Inc., has current liabilities of $9,100,000, current ratio of 1.8 times, inventory turnover of 10 times, average collection period of 30 days, and credit sales of $63,999,999. |
Calculate the value of cash and marketable securities. (Use 365 days a year. Round your intermediate calculations and final answer to the nearest dollar amount.) |
Cash and marketable securities | $ |
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