Question
Oasis Products, Inc. has current liabilities = $11.0 million, current ratio = 1.50 times, inventory turnover ratio = 12.0 times, average collection period = 20
Oasis Products, Inc. has current liabilities = $11.0 million, current ratio = 1.50 times, inventory turnover ratio = 12.0 times, average collection period = 20 days, and sales = $112 million. What is the value of their cash and marketable securities? (Consider a 365 days a year.)
O $1,029,681
O $9,333,333
O $19,303,652
O $16,500,000
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Labour Finance And Inequality
Authors: Suzanne J. Konzelmann, Simon Deakin, Marc Fovargue-Davies, Frank Wilkinson
1st Edition
1138919721, 978-1138919723
