Adjust the Cash Balance

We obtain the following $2020$ forecasts of selected financial statement line items for Journey Company.

Note: Format cells so each amount shows two decimal places. Do not round amounts $-$ use Increase Decimal or Decrease Decimal in Excel toolbar to adjust.

Then in $MBC,$ enter the answers with two decimal places.

Calculate the company's normal cash level as a percentage of sales.

Using the answer above, compute what should be the normal cash balance for FY$2020.$

Complete the following statement of cash flows assuming long$-$term debt is used to adjust the forecasted cash balance.

e$.$ Complete the following statement of cash flows assuming marketable securities are used to adjust the forecasted cash balance.