2. . Qtr 3 (26) Below is the projected financial information for Daisy Digital Data (DDD) for the next four quarters: 0 Qtr 1 Qtr 2 Qtr 4 Year Total Sales 10,000 12,000 16,000 9,000 47,000 COGS 7,000 8,400 11,200 6,300 32,900 Depreciation 400 800 800 2,600 Net income 800 1,100 2,100 600 4,600 Net capital spending 1,000 1,200 0 0 600 Accounts receivable 1,200 1,400 1,300 Inventory 2,800 3,400 4,600 2,200 Accounts payable 1,600 1,900 2,700 1,200 Net income includes additional expenses other than those listed. 1,000 2,100 1,300 Average 1,225 3,020 1,740 What are DDD's permanent and temporary working capital needs? If DDD ends quarter 0 with $200 in cash, then what are DDD's maximum borrowing needs and in what quarter does this occur? What are DDD's average operating cycle and average cash conversion cycle (in days)