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Wildcat, Inc, has estimated sales (in millions) for the next four quarters as follows: Sales for the first quarter of the year after this one

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Wildcat, Inc, has estimated sales (in millions) for the next four quarters as follows: Sales for the first quarter of the year after this one are projected at $200 milion. Accounts receivable at the beginning of the year were $79 million. Wildcat has a 45 -day collection period. Wildcat's purchases from suppliers in a quarter are equal to 50 percent of the next quarter's forecasted sales, and suppliers are nomally paid in 36 days. Wages, taxes, and other expenses run about 20 percent of sales. Interest and dividends are $16 million per quarter. Widcat plans a major capital outlay in the second quarter of $96 million. Finally. the company started the year with a cash balance of $82 milion and wishes to maintain a minimum balance of $30 million. a. Complete the following cash budget for Wildcat, Inc (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers in millions, rounded to 2 decimal places, e.g. 32.16.) Assiuma that Wilfrat can horrow anv needed funds on a short.term basis at a fate of 4

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