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5. Quarry Corp. (PLEASE DO NOT USE EXCEL TO SOLVE. SHOW ALL CALCULATIONS BY HAND). Quarry's forecasted quarterly working capital accounts for the coming year

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5. Quarry Corp. (PLEASE DO NOT USE EXCEL TO SOLVE. SHOW ALL CALCULATIONS BY HAND). Quarry's forecasted quarterly working capital accounts for the coming year are indicated below. What level of permanent working capital does Quarry need? What quarters require an investment in temporary working capital, and by how much? All amounts below are in thousands of dollars. Quarter: 1 Cash 200 Accounts Receivable 400 Inventory 400 Accounts Payable 200 2 200 200 1,000 200 3 200 200 1,800 200 200 1,200 100 200

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