Question: Oasis Products, Incorporated has current liabilities = $ 1 0 million, current ratio = 1 . 5 times, inventory turnover ratio = 1 2 times,

Oasis Products, Incorporated has current liabilities =$10 million, current ratio =1.5 times, inventory turnover ratio =12 times, average collection period =20 days, and sales =$100 million. What is the value of their cash and marketable securities?
Multiple Choice
$1,187,215
$8,333,333
$17,146,188
$15,000,000
 Oasis Products, Incorporated has current liabilities =$10 million, current ratio =1.5

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