Question: Oasis Products, Inc. has current liabilities = $11.4 million, current ratio = 1.90 times, Inventory turnover ratio = 12.4 times, average collection period = 24

Oasis Products, Inc. has current liabilities = $11.4 million, current ratio

Oasis Products, Inc. has current liabilities = $11.4 million, current ratio = 1.90 times, Inventory turnover ratio = 12.4 times, average collection period = 24 days, and sales = $116 million. What is the value of their cash and marketable securities? (Consider a 365 days a year) $21, 660,000 $16, 077, 075 $4, 677, 764 $9, 354, 839

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