2. 18.2 Cash balance for Greenwell Ltd The Greenwell Ltd has a 60-day average collection period and wishes to maintain a $160 million minimum cash balance. Based on this and the information given in the following cash budget, complete the cash budget. What conclusions do you draw?

Transcribed Image Text:

Greenwell Limited cash budget (in millions) Beginning receivables Sales Cash collections Ending receivables Total cash collections QI Q2 Q3 $240 40 Q4 150 $165 $180 $ 135 170 160 185 190 Total cash disbursements Net cash inflow Beginning cash balance $ 45