Liquidity and Asset Management Ratios Oasis Products, Inc. has current liabilities = $10.0 million, current ratio = 1.50 times, inventory turnover ratio = 12.0 times, average collection period = 20 days, and sales = $100 million. What is the value of their cash and marketable securities? (Consider a 365 days a year.)
$17,146,118
$8,333,333
$1,187,215
$15,000,000