Quiz – Juno’s Q1 Cash Deficit or Surplus
Essentials of Corporate Finance
Ross, Westerfield, and Jordan
10th Edition
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.