Question: Could someone please provide me with a step by step explanation of this please? If the formulas used to get certain values could be added

Could someone please provide me with a step by step explanation of this please? If the formulas used to get certain values could be added as well that would be excellent, thank you!

Save Homework: Chapter 20 Short-term Financial Planning HW Score: 71.43%, 5 of 7 pts 3 of 7 (6 complete) Score: 0 of 1 pt Question Help P 20-7 (similar to) The following table includes quarterly working capital levels for your firm for the next year. Quarters 2 ($000) Cash Accounts Receivable Inventory Accounts Payable 93 208 199 98 93 97 507 93 93 94 903 104 93 610 49 97 If you want to limit your maximum short-term borrowing to $483,000 and maintain a minimum cash balance of $93,000, how much excess cash must you carry? The excess cash neededRound to the nearest dollar.)

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