Problem 3-16 Liquidity and Asset Management Ratios (LG3-1, LG3-2) Mandesa, Inc has current liabilities of $8,600,000, current ratio of 20 times, inventory furnover of 12 times, average collection period of 36 days. and credit sales of $64,600,000. Calculate the value of cash and marketable securities (Use 365 doys a yeor. Do not round your intermediate colculations. Round your final answer to the nearest dollor amount.)