What are DDDs permanent and temporary working capital needs? If DDD ends quarter 0 with $200 in cash, then what are DDDs maximum borrowing needs and in what quarter does this occur? What are DDDs average operating cycle and average cash conversion cycle (in days).

Below is the projected financial information for Daisy Digital Data (DDD) for the next four quarters: 0 Qtr 1 Qtr 2 Qtr 3 Qtr 4 Year Total Sales 11,000 13,000 15,000 10,000 49,000 COGS 7,000 8,400 11,200 6,300 32,900 Depreciation 500 700 900 900 3,000 Net income* 700 1,000 2,000 500 4,200 Net capital spending 1,500 800 600 0 Accounts receivable 1,300 1,500 1,400 Inventory 2,800 3,300 4,500 2,100 Accounts payable 600 1,950 2,750 1,250 Net income includes additional expenses other than those listed. 1,100 2,000 1,350 Average 1,325 2,975 1,825 Below is the projected financial information for Daisy Digital Data (DDD) for the next four quarters: 0 Qtr 1 Qtr 2 Qtr 3 Qtr 4 Year Total Sales 11,000 13,000 15,000 10,000 49,000 COGS 7,000 8,400 11,200 6,300 32,900 Depreciation 500 700 900 900 3,000 Net income* 700 1,000 2,000 500 4,200 Net capital spending 1,500 800 600 0 Accounts receivable 1,300 1,500 1,400 Inventory 2,800 3,300 4,500 2,100 Accounts payable 600 1,950 2,750 1,250 Net income includes additional expenses other than those listed. 1,100 2,000 1,350 Average 1,325 2,975 1,825