Your company collected $304.00 million and spent $377.00 million this month. If previous month's cash position (cumulative cash) is $12.23 million and your company target cash position is $20.00 million. What's your company's cash surplus/shortage at the end of this month, with positive number indicates a surplus and negative number indicates a shortage? The answer should be in millions of dollars

Your company collected $304.00 million and spent $377.00 million this month. If previous month's cash position (cumulative cash) is $12.23 million and your company target cash position is $20.00 million. What's your company's cash surplus/shortage at the end of this month, with positive number indicates a surplus and negative number indicates a shortage? The answer should be in millions of dollars

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 3P

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