Cash Surplus for the first month is 0, the second month is 15,000,000 and the third month is 35,000,000. QUESTION Determine whether the company requires additional financing or has excess cash balances. Explain what steps the company should take regarding cash shortages and excesses.? including reference.

Answer rating: 100% (QA)

To determine whether the company requires additional financing or has excess cash balances we need to analyze the cash surplusdeficit for each month and consider the companys cash management strategie... View the full answer