Question
Quarterly working capital levels for your firm for the next year are included in the following table. What are the permanent working capital needs of
Quarterly working capital levels for your firm for the next year are included in the following table. What are the permanent working capital needs of your company? What are the temporary needs?
| Quarter | ||||
| (000) | 1 | 2 | 3 | 4 |
| Cash | $100 | $100 | $100 | $100 |
| Accounts Receivable | 202 | 105 | 100 | 600 |
| Inventory | 205 | 503 | 904 | 54 |
| Accounts Payable | 102 | 96 | 101 | 101 |
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What are the permanent working capital needs of your company?
The permanent working capital needs of your company are $405,000 ( I already answered this part (CORRECT)
(Round to nearest dollar.)
What are the temporaryneeds? ( ANSWERED ALREADY/CORRECT)
The temporary needs for the first quarter are $ 0 (ZERO)
(Round to nearest dollar.)
The temporary needs for the second quarter are $
(Round to nearest dollar.)
The temporary needs for the third quarter are $
(Round to nearest dollar.)
The temporary needs for the fourth quarter are $
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Finance Applications And Theory
Authors: Marcia Cornett, Troy Adair, John Nofsinger
5th Edition
1260013987, 9781260013986
