The data above shows the net working capital requirements for Blunderstone Shoes, a company that makes waterproof boots. All figures are in thousands of dollars. What can be considered the firm's permanent working capital?
Minimum Cash Balance $800 $800 $800 $800
Accounts Receivable 1400 800 700 3700
Inventory 1100 3100 5200 550
Accounts Payable (600) (600) (600) (600)
A) $2,700,000
B) $3,300,000
C) $4,100,000
D) $4,450,000
Answer: A
Business
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