nmckiness
Nov 16, 2012, 07:15 PM
Little lowe's expects to have $100 in cash on hand at the beginning of June, and the company's target cash balance is $100. Net cash flow for June is minus $300. Assuming that little Louie's borrow's to meet short term cash needs and pays back as soon as surplus cash is available , what would be the company's cash balance after financing at the end of June? Any help on solving this would be appreciated!