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Warm-Up 15-2 (similar to) Question Help Icy Treats, Inc., is a seasonal business that sells frozen desserts. At the peak of its summer selling season
Warm-Up 15-2 (similar to) Question Help Icy Treats, Inc., is a seasonal business that sells frozen desserts. At the peak of its summer selling season the firm has $35,000 in cash, $125,000 in inventory, $70,000 in accounts receivable, and $65,000 in accounts payable. During the slow winter period the firm holds $10,000 in cash, $55,000 in inventory, $40,000 in accounts receivable, and $33,750 in accounts payable. Calculate Icy Treats' minimum and peak funding requirements. Icy Treats' minimum funding requirement is $. (Round to the nearest dollar.)
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