Quiz – Juno’s Q1 Cash Deficit or Surplus

Essentials of Corporate Finance

Ross, Westerfield, and Jordan

10th Edition

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Difficulty – Medium

Calculate Juno's cumulative cash surplus or deficit at the end of Q1, before considering any short-term borrowing. You are given Juno's projected Q1 and Q2 sales, purchases as a percentage of sales, accounts receivable and payable periods, beginning balances of accounts receivable and payable, monthly cash expenses and taxes, beginning cash balance, and the minimum cash balance requirement.

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