Problem $3-15$ Liquidity and Asset Management Ratios $($LG$3-1,$ LG$3-2)$

Mandesa, Incorporated has current liabilities of $$8,800,000,$ current ratio of $1\mathrm{.}8$ times, inventory turnover of $10$ times, average

collection period of $38$ days, and credit sales of $$64,800,000.$

Calculate the value of cash and marketable securities$.$

Note: Use $365$ days a year. Do not round intermediate calculations. Round your final answer to the nearest dollar amount.