7. The company wishes to maintain a minimim cash balance of$12,790. An open line of credit is available at the bank. Allborrowing is done at the beginning of the month, and all repaymentsare made a You are provided with the following information taken from Crane Inc's March 31, 2025, balance sheet. Additional information concerning Crane Inc. is as follows. 1. Gross profit is \( 27 \% \) of sale 2 answers