The following table includes quarterly working capital levels for your firm for the next year Quarters ($000) 1 2 3 4 Cash 105 105 105 105 Accounts Receivable 194 99 90 595 Inventory 206 491 904 51 Accounts Payable 103 107 106 106 If you want to limit your maximum short term borrowing to $505,000and maintain a minimum cash balance of $105,000, how much excess cash must you carry The excess cash needed is $ (Round to the nearest dollar )

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Question: The following table includes quarterly working capital levels for your firm for the next year. Quarters ($000) 1 2 3 4 Cash 105 105 105

The following table includes quarterly working capital levels for your firm for the next year.

	Quarters
($000)	1	2	3	4
Cash	105	105	105	105
Accounts Receivable	194	99	90	595
Inventory	206	491	904	51
Accounts Payable	103	107	106	106

If you want to limit your maximum short-term borrowing to $505,000and maintain a minimum cash balance of $105,000, how much excess cash must you carry?

The excess cash needed is $ (Round to the nearest dollar.)

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