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Adjust the Cash Balance We obtain the following 2018 forecasts of selected financial statement li $ millions 2017 Actual 2018 Est. $688,555 $720,440 Net

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Adjust the Cash Balance We obtain the following 2018 forecasts of selected financial statement li $ millions 2017 Actual 2018 Est. $688,555 $720,440 Net Sales Marketable securities 67,096 62,096 Long-term debt 346,558 308,437 Treasury stock (deducted from equity) 51,174 51,174 Cash generated by operations 57,585 Cash used for investing (14,797) Cash used for financing (54,771) Total net change in cash (11,983) Cash at beginning of period 51,141 Cash at end of period $39,158 a. Does forecasted cash deviate from the normal level for this company? Calculate the company's normal cash level as a percentage of sales. Round answer to one decimal place. 7.4 % Using the rounded answer above, compute what should be the normal ca Round answer to the nearest million. $ 53,509 x million.

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