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8. Icy Treats, Inc., is a seasonal business that sells frozen desserts. At the peak of its summer selling season the firm has $36,400 in
8. Icy Treats, Inc., is a seasonal business that sells frozen desserts. At the peak of its summer selling season the firm has $36,400 in cash, $130,000 in inventory, $72,800 in accounts receivable, and $67,600 in accounts payable. During the slow winter period the firm holds $10,400 in cash, $57,200 in inventory, $41,600 in accounts receivable, and $35,100 in accounts payable. Calculate lcy Treats' minimum and peak funding requirements. Icy Treats' minimum funding requirement is $ . (Round to the nearest dollar.) Icy Treats' peak funding requirement is $ . (Round to the nearest dollar.)
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