A company has $10,000 in cash and $150,000 in merchandise inventory on March 31 . The desired cash and merchandise inventory balances on June 30 are $20,000 and $250,000, respectively. Sales for the quarter are expected to be $300,000, all in cash. Gross margin is 40% of sales. Cash operating expenses are expected to be $50,000. All merchandise inventory purchases are paid for in cash at the time of purchase. What amount of financing will the company need during the quarter? Answers - A. $40,000 - B. $30,000 - C. $50,000 - D. $0