Question
Mandesa, Inc., has current liabilities of $9,800,000, 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 $9,800,000, current ratio of 2.0 times, inventory turnover of 12 times, average collection period of 30 days, and credit sales of $63,999,992. |
| 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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Health Care Finance Economics And Policy For Nurses
Authors: Betty Rambur
2nd Edition
0826152538, 978-0826152534
