Problem 3-15 Liquidity and Asset Management Ratios (LG3-1, LG3-2) Mandesa, Incorporated has current liabilities of $8,300,000, current ratio of 2.0 times, inventory turnover of 12 times, average collection period of 33 days, and credit sales of $64,300,000. Calculate the value of cash and marketable securities. Note: Use 365 days a year. Do not round intermediate calculations. Round your final answer to the nearest dollar amount. Cash and marketable securities

Problem 3-15 Liquidity and Asset Management Ratios (LG3-1, LG3-2) Mandesa, Incorporated has current liabilities of $8,300,000, current ratio of 2.0 times, inventory turnover of 12 times, average collection period of 33 days, and credit sales of $64,300,000. Calculate the value of cash and marketable securities. Note: Use 365 days a year. Do not round intermediate calculations. Round your final answer to the nearest dollar amount. Cash and marketable securities

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Complete a and b thank you
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