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(Solved): Agarwal, Incorporated, has a 32-day average collection period and wants to maintain a minimum cash ...



Agarwal, Incorporated, has a 32-day average collection period and wants to maintain a minimum cash balance of \( \$ 20 \) mil

Agarwal, Incorporated, has a 32-day average collection period and wants to maintain a minimum cash balance of \( \$ 20 \) million, which is what the company currently has on hand. The company currently has a receivables balance of \( \$ 245 \) million and has developed the following sales and cash disbursement budgets (in millions): Complete the following cash budget for the company. Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32 .


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cash collection =(days in quarter - average collection period)/days in quarter *sales beginning cash collection beginning collection 1 B C D E F 2 AVE
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