If you want to limit your maximum shortterm borrowing to $500, how much excess cash must you
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If you want to limit your maximum shortterm borrowing to $500, how much excess cash must you carry? The following table includes quarterly working capital levels for your firm for the next year.
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($000) Cash Accounts Receivable Inventory Accounts Payable 1 $100 200 200 100 2 $100 100 500 100 Quarter 3 $100 100 900 100 4 $100 600 50 100
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780135811603
5th Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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If you want to limit your maximum shortterm borrowing to $500, how much excess cash must you carry (see MyFinanceLab for the data in Excel format)?

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