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Icy Treats, Inc., is a seasonal business that sells frozen desserts. At the peak of its summer selling season the firm has $35,840 in cash,
Icy Treats, Inc., is a seasonal business that sells frozen desserts. At the peak of its summer selling season the firm has $35,840 in cash, $128,000 in inventory, $71,680 in accounts receivable, and $66,560 in accounts payable. During the slow winter period the firm holds $10,240 in cash, $56,320 in inventory, $40,960 in accounts receivable, and $34,560 in accounts payable. Calculate Icy Treats' minimum and peak funding requirements
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