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Business, 11.03.2020 01:53 chels8547

Mandesa, Inc. has current liabilities of $9,500,000, current ratio of 2.0 times, inventory turnover of 12 times, average collection period of 45 days, and credit sales of $65,500,000.
Required:
a. 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.)

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