Question: Complete the case study questions using the information given in each of the 3 growth scenarios for Ace Industrial Supply. Ace Industrial Supply sells its


Complete the case study questions using the information given in each of the 3 growth scenarios for Ace Industrial Supply. Ace Industrial Supply sells its products at an average price of $10 /unit. The products cost $5.50 /unit. Ace Industrial pays its suppliers for inventory deliveries at the time of delivery. Ace's customers are given 30 days to pay (e.g. payments for sales fron March are received in April, etc.). Ace expects to grow rapidly in the next four months. Sales in March and April were 5,000 units but with new contracts they anticipate 8,000 units to be sold in May, and 10,000 units to be sold in each of June and July. The following table presents select information for the months of March through July. 2. Growth Scenario 1: Answer questions 2-3 Prepare a projected growth cash flow statement for Ace Industrial Supply for each month April through July. 3. How much additional cash does Ace Industrial Supply need to fund its growth over this period
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