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I just need the minium cash balance please Agarwal, Incorporated, has a 50-day average collection period and wants to maintain a minimum cash balance of
I just need the minium cash balance please
Agarwal, Incorporated, has a 50-day average collection period and wants to maintain a minimum cash balance of $35 million which is what the company currently has on hand. The company currently has a receivables balance of $192 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 not completeStep by Step Solution
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