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Suppose that RSM Publishing Company, a children's book publisher, has approached your bank and wants to borrow $250,000 in working capital. The firm provides you with the following balance sheet and income statement data: Assets Liabilities and Equity Cash $50,000 Accounts payable $166,000 Accounts 375,000 Accrued expenses 37,000 receivables Inventory 510,000 Notes payable 75,000 Fixed assets 925,000 Current maturity of 25,000 long-term debt Total assets 1,860,000 Long-term debt 475,000 Equity 1,082,000 Total Liabilities 1,860,000 and Equity Income statement data Sales $4,622,800 Cost of goods sold 3,504,100 Operating expenses 893,000 Purchases 3,116,000 a. What fraction of the firm's current assets is (implicitly) being funded with long-term debt or equity? What is the significance if this figure is large versus small? b. Assuming a 365-day year, calculate the firm's asset cash-to-cash cycle, liability cash- to-cash, and days deficiency. c. Estimate the firm's working capital loan needs. Suppose that RSM Publishing Company, a children's book publisher, has approached your bank and wants to borrow $250,000 in working capital. The firm provides you with the following balance sheet and income statement data: Assets Liabilities and Equity Cash $50,000 Accounts payable $166,000 Accounts 375,000 Accrued expenses 37,000 receivables Inventory 510,000 Notes payable 75,000 Fixed assets 925,000 Current maturity of 25,000 long-term debt Total assets 1,860,000 Long-term debt 475,000 Equity 1,082,000 Total Liabilities 1,860,000 and Equity Income statement data Sales $4,622,800 Cost of goods sold 3,504,100 Operating expenses 893,000 Purchases 3,116,000 a. What fraction of the firm's current assets is (implicitly) being funded with long-term debt or equity? What is the significance if this figure is large versus small? b. Assuming a 365-day year, calculate the firm's asset cash-to-cash cycle, liability cash- to-cash, and days deficiency. c. Estimate the firm's working capital loan needs