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The following table includes quarterly working capital levels for your firm for the next year. Quarters ($000) Cash Accounts Receivable Inventory Accounts Payable 2 3

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The following table includes quarterly working capital levels for your firm for the next year. Quarters ($000) Cash Accounts Receivable Inventory Accounts Payable 2 3 4 107 98 890 96 107 600 47 97 107 107 200 203 101 96 504 If you choose to enter the year with $397,000 total in cash and maintain a minimum cash balance of $107,000, what is your maximum short-term borrowing? Calculate the temporary working capital for each quarter below: Round to the nearest integer.) ($000) Cash Accounts receivable Inventory Accounts payable NWC - Permanent WC needs Temporary WC needs Q1 Q2 Q3 Q4 Below, determine the maximum amount of short-term borrowing needed if the firm enters the year with $397,000 in cash. (Round to the nearest integer.)

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