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The following table includes quarterly working capital levels for your firm for the next year. Quarters ($000) 1 2 3 Cash 100 100 100 100

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The following table includes quarterly working capital levels for your firm for the next year. Quarters ($000) 1 2 3 Cash 100 100 100 100 Accounts Receivable 200 100 100 800 Inventory 200 500 900 50 Accounts Payable 100 100 100 100 If you hold only $100,000 in cash at any time, what is your maximum short-term borrowing and when? Calculate the short-term financing needs below: (Round to the nearest integer.) 02 Q3 Q4 ($000) Short-term financing needs Q1 400 $ $ $ (Select the best choice below.) 1 A. The maximum short-term borrowing is $800,000 during 04. OB. The maximum short-term borrowing is $600,000 during Q1. C. The maximum short-term borrowing is $800,000 during Q3

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