What do you mean we' ve used up all get it! I thought had our cash and lines of credit? I don't we had a healthy financial position as per last yea ts. How could this have happened, Patrick?" said Donald accountant. "If our suppliers find out, we could be in a nosition. I can't let that happen. Prepare a detailed report ncluding a cash budget for the next year and give it to me by 10 AM to W.Build in a minimum cash balance that is at least 25% higher than our last year's ending cash balance, but make sure that it's not more than o Hunt to his chief morro 50% higher than our last year's ending cash balance in any period." Donald Hunt, the owner of Hunt Distributing, Inc., had inherited the family business five years ago, when his father, Nelson, suddenly passed away. Under Nelson's leadership, the firm had grown slowly but steadily. Nelson had always maintained strong ties with local businesses, suppli- customers. As Patrick began examining the financial statements Thales 1 and 2), he couldn't help recalling how Nelson had managed to ays keep the firm's liquidity position strong by being conservative and panning for the future. He did not take undue risk and only accepted prod- ucts of the highest qua and credit terms wer Were well known to quality for distribution. Bills were always paid on time, e only extended to those customers and retailers who h DNelson (as most were) onald, on the other r hand, had always criticized his father's conserv- . As soon as he took over, he unleashed a host of What do you mean we' ve used up all get it! I thought had our cash and lines of credit? I don't we had a healthy financial position as per last yea ts. How could this have happened, Patrick?" said Donald accountant. "If our suppliers find out, we could be in a nosition. I can't let that happen. Prepare a detailed report ncluding a cash budget for the next year and give it to me by 10 AM to W.Build in a minimum cash balance that is at least 25% higher than our last year's ending cash balance, but make sure that it's not more than o Hunt to his chief morro 50% higher than our last year's ending cash balance in any period." Donald Hunt, the owner of Hunt Distributing, Inc., had inherited the family business five years ago, when his father, Nelson, suddenly passed away. Under Nelson's leadership, the firm had grown slowly but steadily. Nelson had always maintained strong ties with local businesses, suppli- customers. As Patrick began examining the financial statements Thales 1 and 2), he couldn't help recalling how Nelson had managed to ays keep the firm's liquidity position strong by being conservative and panning for the future. He did not take undue risk and only accepted prod- ucts of the highest qua and credit terms wer Were well known to quality for distribution. Bills were always paid on time, e only extended to those customers and retailers who h DNelson (as most were) onald, on the other r hand, had always criticized his father's conserv- . As soon as he took over, he unleashed a host of
