Calculate Icy Treats' minimum and peak funding requirements. Icy Treats, Inc., is a seasonal...
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Calculate Icy Treats' minimum and peak funding requirements.
Icy Treats, Inc., is a seasonal business that sells frozen desserts. At the peak of its summer selling season the firm has $35,280 in cash, $126,000 in inventory, $70,560 in accounts receivable, and $65,520 in accounts payable. During the slow winter period the firm holds $10,080 in cash, $55,440 in inventory, $40,320 in accounts receivable, and $34,020 in accounts payable. Calculate lcy Treats' minimum and peak funding requirements. lcy Treats' minimum funding requirement is $ (Round to the nearest dollar.) Icy Treats, Inc., is a seasonal business that sells frozen desserts. At the peak of its summer selling season the firm has $35,280 in cash, $126,000 in inventory, $70,560 in accounts receivable, and $65,520 in accounts payable. During the slow winter period the firm holds $10,080 in cash, $55,440 in inventory, $40,320 in accounts receivable, and $34,020 in accounts payable. Calculate lcy Treats' minimum and peak funding requirements. lcy Treats' minimum funding requirement is $ (Round to the nearest dollar.)
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