Use the table for the question(s)below.
The quarterly working capital levels for Hasbeen Toys are presented in the following table (in $ millions):
-The permanent working capital needs for Hasbeen Toys is closest to:
A)$1100 million
B)$2435 million
C)$1275 million
D)$770 million

Question

Use the table for the question(s)below.
The quarterly working capital levels for Hasbeen Toys are presented in the following table (in $ millions): 
-The permanent working capital needs for Hasbeen Toys is closest to:
A)$1100 million 
B)$2435 million 
C)$1275 million 
D)$770 million

Quizplus · Accepted Answer

D) 11ea7cce_3c34_5093_928c_259379feb943_TB1626_00 Working capital = Cash + AR + inventory - AP
Permanent working capital equals the minimum level of working capital which occurs at quarter 1 in the amount of $765 million.

Use the Table for the Question(s)below