Question: U Question 27 5 pts The Dolphin Company is a merchandising company. Prepare a short-term cash forecast for 2020. Selected financial data from Dolphin Company

U Question 27 5 pts The Dolphin Company is a merchandising company. Prepare a short-term cash forecast for 2020. Selected financial data from Dolphin Company are reproduced below (000): 25 600 80 275 Cash, January 1 Inventory, January 1 Depreciation expense for 2020 Forecasted accounts receivable, December 31 Accounts receivable, January 1 Desired inventory, December 31 Forecasted cost of goods sold for 2020 Forecasted accounts payable, December 31 Minimum cash balance desired 250 650 3,000 90 60 75 Accounts payable, January 1 Cash outlays other then for inventory for 2020 575 Dolphin marks up its inventory cost by 25% to determine its sales price. Problem 4-3 Forecasted sales (000) for 2020 are: O 3,725 O 3,750 O 3.600 0 3,700
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