Business, 07.12.2019 00:31 Bearboy5957

Mandesa, inc., has current liabilities of $8 million, current ratio of 2 times, inventory turnover of 12 times, average collection period of 30 days, and credit sales of $64 million.

calculate the value of cash and marketable securities. (use 365 days a year. round your intermediate calculations and final answer to the nearest dollar amount.)

cash and marketable securities $

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