How much is the maximum short-term financing

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Reference no: EM132785992

Question - Baby Face Bob Co. has total fixed assets of P350,000.

	1st Q	2nd Q	3rd Q	4th Q
Cash	P46,000	20,000	36,000	40,000
Accounts Receivable	69,000	55,000	77,000	110,000
Inventories	30,000	95,000	87,000	30,000

Using conservative financing policy in which it finances all of its permanent assets (current and fixed) and half of its average quarterly seasonal needs (temporary current assets) with long term financing, how much is the maximum short-term financing?

Reference no: EM132785992

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