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5. 5. Assume that the beginning balance in Cash is $60.0 and that collections are $155.0 for the current period. If total uses of cash

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5. Assume that the beginning balance in Cash is $60.0 and that collections are $155.0 for the current period. If total uses of cash for the period are $175.0 and the firm requires a minimum cash balance of $60.0, then what is the amount of financing needed? a. $20.0 b. $40.0 c. $100.0 d. $60.0 e. $80.0

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