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The following table includes quarterly working capital levels for your firm for the next year. (Click on the following icon 0 in order to copy
The following table includes quarterly working capital levels for your firm for the next year. (Click on the following icon 0 in order to copy the contents into a spreadsheet.) If you choose to enter the year with $405,000 total in cash and maintain a minimum cash balance of $105,000, what is your maximum short-term borrowing? Calculate the temporary working capital for each quarter below: (Round to the nearest integer.) Below, determine the maximum amount of short-term borrowing needed if the firm enters the year with $405,000 in cash. (Round to the nearest integer.) (Select from the drop-down menu.) The maximum short-term borrowing occurs in and is $. (Round to the nearest dollar.)
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