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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 $33,320 in cash,
Icy Treats, Inc., is a seasonal business that sells frozen desserts. At the peak of its summer selling season the firm has $33,320 in cash, $119,000 in inventory, $66,640 in accounts receivable, and $61,880 in accounts payable. During the slow winter period the firm holds $9,520 in cash, $52,360 in inventory, $38,080 in accounts receivable, and $32,130 in accounts payable. Calculate Icy Treats' minimum and peak funding requirements. Icy Treats' minimum funding requirement is $ (Round to the nearest dollar.)
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