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8. The CFO would also like you to prepare some data visualizations that depict monthly trends in the cash balance, current assets, and net
8. The CFO would also like you to prepare some data visualizations that depict monthly trends in the cash balance, current assets, and net income. Accordingly, use Charts to do the following: a. Go to the "Cash Budget" tab and create a bar chart that includes one bar for each of 12 months. Each month's bar will show the excess (deficiency) of cash available over disbursements for that month and (where appropriate) the borrowings for that month. Use different colors to distinguish the excess (deficiency) of cash available over disbursements from any borrowings. Also, insert a horizontal line within your chart to depict the company's minimum cash balance of $30,000. b. Which of the following statements are true based on the bar chart that you created in requirement 8a? The company's cash collections in February are greater than its cash disbursements during that same month. The company's excess (deficiency) of cash available over disbursements peaks in December. The company's excess (deficiency) of cash available over disbursements hits its lowest point in March. The company needs to borrow money during the year including borrowings in May and June. c. Go to the "Budgeted Balance Sheets" tab and create a bar chart that depicts each month's ending total current assets. Each bar within the chart will sub-divide into three parts-the portion of the overall balance that resides in cash, accounts receivable, and inventory. d. Which of the following statements are true based on the bar chart that you created in requirement 8c? 7 The total current assets are highest in June and July. 7 Accounts receivable comprise the largest portion of August's current assets. The cash balance peaks in November. Inventory comprises the largest portion of the total current assets in June.
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