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Agarwal, Incorporated, has a 5 0 - day average collection period and wants to maintain a minimum cash balance of $ 4 0 million, which

Agarwal, Incorporated, has a 50-day average collection period and wants to maintain a minimum cash balance of $40 million, which is what the company currently has on hand. The company currently has a receivables balance of $198 million and has developed the following sales and cash disbursement budgets (in millions):
Q1 Q2 Q3 Q4
Sales $ 459 $ 531 $ 612 $ 576
Total cash disbursement 302466720477 Agarwal, Incorporated, has a 50-day average collection period and wants to maintain a minimum cash balance of $40 million, which is
what the company currently has on hand. The company currently has a receivables balance of $198 million and has developed the
following sales and cash disbursement budgets (in millions):
Complete the following cash budget for the company.
Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers in
millions rounded to the nearest whole million dollar amount, e.g.,32.
Answer is complete but not entirely correct.
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