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Mandesa, Inc. has current liabilities of $8,800,000, current ratio of 1.8 times, inventory turnover of 10...

Mandesa, Inc. has current liabilities of $8,800,000, current ratio of 1.8 times, inventory turnover of 10 times, average collection period of 38 days, and credit sales of $64,800,000.

Calculate the value of cash and marketable securities. (Use 365 days a year. Do not round your intermediate calculations. Round your final answer to the nearest dollar amount.)

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