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solina solina
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7 years ago
Summary data from the quarterly balance sheets of ACH Air Conditioners are shown below.
   Quarter 1   Quarter 2   Quarter 3   Quarter 4
Current Assets      $50,000   $90,000   $75,000   $30,000
Fixed Assets   $60,000   $60,000   $60,000   $60,000
Liabilities   $70,000   $110,00   $95,000   $50,000
Equity   $40,000   $40,000   $40,000   $40,000
.
a. If ACH follows the self liquidating debt principle, how much long-term debt will be used to finance current assets? Explain your answer briefly.
b. What would be the highest and lowest levels of temporary debt?
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
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David_hessDavid_hess
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Just got PERFECT on my quiz
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This helped my grade so much Perfect
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