Reluril lu yueSLIUIT Problem 3-16 Liquidity and Asset Management Ratios (LG3-1, LG3-2) Mandesa, Inc. has current liabilities of $8,800,000, current ratio of 1.8 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. (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 $ 2,693,699