Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Calculate the temporary working capital needs for each of the four quarters for Automakers 'R Us.
The quarterly working capital levels for Hasbeen Toys are presented in the following table (in $ millions):
| Quarter | 1 | 2 | 3 | 4 |
| Current assets | ||||
| Cash | 605 | 625 | 175 | 1000 |
| Accounts Recievable | 585 | 745 | 1260 | 760 |
| Inventory | 410 | 540 | 725 | 375 |
| Current assets (A) | $1600 | $1910 | $2160 | $2135 |
| Current liabilities | ||||
| Accounts payable | 835 | 910 | 1055 | 1145 |
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