The following table includes quarterly working capital levels for your firm for the next year....
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The following table includes quarterly working capital levels for your firm for the next year. Quarters (5000) Cash 98 98 98 98 Accounts Receivable 197 97 100 Inventory 205 493 897 Accounts Payable 104 107 606 59 93 108 If you hold only $98,000 in cash at any time, what is your maximum short-term borrowing and when? Calculate the short-term financing needs below: (Round to the nearest integer.) ($000) Q3 Short-term financing needs C S O C S C Q2 (Select the best choice below.) O A. The maximum short-term borrowing is $592,000 during 23 OB. The maximum short-term borrowing is $592,000 during Q2 OC. The maximum short-term borrowing is $592,000 during Q1. OD. The maximum short-term borrowing is $592,000 during Q4
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