The following table includes quarterly working capital levels for your firm for the next year. (Click on the following icon in order to copy the contents into a spreadsheet.) ($000) Cash 1 110 208 205 96 2 Quarters 110 105 499 104 3 110 109 904 109 4 110 604 47 99 Accounts Receivable Inventory Accounts Payable If you want to limit your maximum short-term borrowing to $506,000 and maintain a minimum cash balance of $110,000, how much excess cash must you carry? The excess cash needed is $. (Round to the nearest dollar.)
The following table includes quarterly working capital levels for your firm for the next year. (Click on the following icon in order to copy the contents into a spreadsheet.) ($000) Cash 1 110 208 205 96 2 Quarters 110 105 499 104 3 110 109 904 109 4 110 604 47 99 Accounts Receivable Inventory Accounts Payable If you want to limit your maximum short-term borrowing to $506,000 and maintain a minimum cash balance of $110,000, how much excess cash must you carry? The excess cash needed is $. (Round to the nearest dollar.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![The following table includes quarterly working capital levels for your firm for the next year.
(Click on the following icon in order to copy the contents into a spreadsheet.)
($000)
Cash
1
110
208
205
96
2
Quarters
110
105
499
104
3
110
109
904
109
4
110
604
47
99
Accounts Receivable
Inventory
Accounts Payable
If you want to limit your maximum short-term borrowing to $506,000 and maintain a minimum cash balance of $110,000, how much excess cash must you carry?
The excess cash needed is $
(Round to the nearest dollar.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3f4c45da-e21e-4e1e-8510-df5f4d0d758d%2F1250d8a7-29f6-479d-86a2-470312385f43%2Fvpc0t5b_processed.png&w=3840&q=75)
Transcribed Image Text:The following table includes quarterly working capital levels for your firm for the next year.
(Click on the following icon in order to copy the contents into a spreadsheet.)
($000)
Cash
1
110
208
205
96
2
Quarters
110
105
499
104
3
110
109
904
109
4
110
604
47
99
Accounts Receivable
Inventory
Accounts Payable
If you want to limit your maximum short-term borrowing to $506,000 and maintain a minimum cash balance of $110,000, how much excess cash must you carry?
The excess cash needed is $
(Round to the nearest dollar.)
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