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(Solved): Mandesa, Incorporated has current liabilities of $9,300,000, current ratio of 1.9 times, inventory t ...



Mandesa, Incorporated has current liabilities of $9,300,000, current ratio of 1.9 times, inventory turnover of 11 times, average collection period of 43 days, and credit sales of $65,300,000. 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.



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