This is a subjective question, hence you have to write your answer in the Tex-Field given below. The XYZ company specializes in homemade biscuits and receives all income from sales. The sales revenue estimates (in milliott S) for the company are as follows: QI 500. Q2 = 350,03 - 600, Q4 = 650, and QI of next year - 650 The average collection period for accounts receivables is 60 days. Beginning receivables (Q1 beginning) is $200 million. The purchases are 50% of next quarter sales. Beinting payables (Q1 beginning) is S150 million. The accounts payable period is 30 days Wages and other expenses every quarter are 20% of the sales revenue of that quarter. A CAPEX of 550 million is planned end of Orte 3 Dividends and interest payments are $10 million every quarter. There are no other expenses. The beginning cash balance (Q1 bogining) is 530 million. How much will be the cash balance at the end of Quarter ? XYZ company wants to maintain a cash balance of $15 million every quarter. Will there be any cash deficit in any quarter? 110)