9 16 Problems Assignment Saved Agarwal, Incorporated, has a 32-day average collection period and wants to maintain a minimum cash balance of $20 million, which is what the company currently has on hand. The company currently has a receivables balance of $245 million and has developed the following sales and cash disbursement budgets (in millions): 1.12 points Sales Q1 $ 400 Q2 $ 502 Q3 $ 608 Q4 Total cash disbursement 332 443 779 $ 568 471 eBook Print References Complete the following cash budget for the company. Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. AGARWAL, INCORPORATED Cash Budget (in millions) Q1 Q2 Beginning receivables Sales 400 Cash collections Ending receivables Total cash collections Total cash disbursements Net cash inflow Beginning cash balance Net cash inflow Ending cash balance Minimum cash balance Cumulative surplus (deficit) 502 Q3 608 64 Q4 568 332 443 779 471