Liquidity and asset management ratios oasis products
Financial Management
1. Liquidity and Asset Management Ratios Oasis Products, Inc. has current liabilities = $11.3 million, current ratio = 1.80 times, inventory turnover ratio = 12.3 times, average collection period = 23 days, and sales = $115 million. What is the value of their cash and marketable securities? (Consider a 365 days a year.)
A-$20,340,000
B-$3,743,832
C-$9,349,593
D-$16,905,761
2. Four Years Future Value What is the future value of $800 deposited for four years earning 6% interest rate annually?
A-$1,010
B-$1,810
C-$800
D-$210
