4. Below is the projected financial information for Daisy Digital Data (DDD) for the next four quarters: Sales COGS Depreciation Net income* Net capital spending Accounts receivable Inventory Accounts payable 0 2,800 600 Qtr 1 11,000 7,000 500 700 1,500 1,300 3,300 1,950 Qtr 2 13,000 8,400 700 1,000 800 1,500 4,500 2,750 Qtr 3 15,000 11,200 900 2,000 600 1,400 2,100 1,250 Qtr 4 10,000 6,300 900 500 0 1,100 2,000 1,350 Year Total 49,000 32,900 3,000 4,200 Average 1,325 2,975 1,825 Net income includes additional expenses other than those listed. What are DDD's permanent and temporary working capital needs? If DDD ends quarter 0 with $200 in cash, then what are DDD's maximum borrowing needs and in what quarter does this occur? What are DDD's average operating cycle and average cash conversion cycle (in days). 4. Below is the projected financial information for Daisy Digital Data (DDD) for the next four quarters: Sales COGS Depreciation Net income* Net capital spending Accounts receivable Inventory Accounts payable 0 2,800 600 Qtr 1 11,000 7,000 500 700 1,500 1,300 3,300 1,950 Qtr 2 13,000 8,400 700 1,000 800 1,500 4,500 2,750 Qtr 3 15,000 11,200 900 2,000 600 1,400 2,100 1,250 Qtr 4 10,000 6,300 900 500 0 1,100 2,000 1,350 Year Total 49,000 32,900 3,000 4,200 Average 1,325 2,975 1,825 Net income includes additional expenses other than those listed. What are DDD's permanent and temporary working capital needs? If DDD ends quarter 0 with $200 in cash, then what are DDD's maximum borrowing needs and in what quarter does this occur? What are DDD's average operating cycle and average cash conversion cycle (in days)