Question
A firms pro forma balance sheet for June 2022 shows the following: Total Assets, except for Cash and Marketable Securities, equal $1,000,000. Total Liabilities and
A firms pro forma balance sheet for June 2022 shows the following:
Total Assets, except for Cash and Marketable Securities, equal $1,000,000.
Total Liabilities and Equity, except for Notes Payable, equal $1,100,000.
Assume that the firm has a $50,000 Minimum Cash Balance policy.
What should the balance in Cash and Marketable Securities equal?
| a. | $150,000 | |
| b. | $50,000 | |
| c. | zero | |
| d. | $100,000 |
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Intermediate Financial Management
Authors: Eugene BrighamPhillip Daves
1st Edition
0324594712, 9780324594713
