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Liquidity and Asset Management Ratios Oasis Products,Inc

Question 125

Multiple Choice

Liquidity and Asset Management Ratios Oasis Products,Inc.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?


A) $1,187,215
B) $8,333,333
C) $15,000,000
D) $17,146,188

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