Problem 3-16 Liquidity and Asset Management Ratios (LG3-1, LG3-2) Mandesa, Inc. has current liabilities of $9,800,000, current ratio of 2.0 times, Inventory turnover of 12 times, average collection period of 48 days, and credit sales of $65,800,000. Calculate the value of cash and marketable securities. (Use 365 days a year. Do not round your intermediate calculations. Round your final answer to the nearest dollar amount.) Answer is complete but not entirely correct. Cash and marketable securities 3,150,000