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Adjust the Cash Balance We obtain the following 2020 forecasts of selected financial statement line items for Journey Company. a. Does forecasted cash deviate from
Adjust the Cash Balance We obtain the following 2020 forecasts of selected financial statement line items for Journey Company. a. Does forecasted cash deviate from the normal level for this company? 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 FY2020. c. Identity three ways to adjust the torecasted cash balance. Which option would least likely be used to adjust the cash balance
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