Table 30.10 lists data from the budget of Ritewell Publishers. Half the company sales are for cash on the nail; the other half are paid for with a one-month delay.

Table 30.10 lists data from the budget of Ritewell Publishers. Half the company sales are for cash on the nail; the other half are paid for with a one-month delay. The company pays all its credit purchases with a one-month delay. Credit purchases in January were $30, and total sales in January were $180. Complete the cash budget in Table 30.11.

	February	March	April
Total sales	200	220	180
Purchases of materials
For cash	70	80	60
For credit	40	30	40
Other expenses	30	30	30
Taxes, interest, and dividends	10	10	10
Capital investment	100	0	0

Sources of cash:	February	March	April
Collections on cash sales
Collections on accounts receivable
Total sources of cash
Uses of cash:
Payments of accounts payable
Cash purchases of materials
Other expenses
Capital expenditures
Taxes, interest, and dividends
Total uses of cash
Net cash inflow
Cash at start of period	100
+Net cash inflow
=Cash at end of period
+Minimum operating cash balance	100	100	100
=Cumulative short-term financing required

Current assets:	Current liabilities:
Cash	4	Bank loans	4
Marketable securities	2	Accounts payable	15
Inventory	20	Total current liabilities	19
Accounts receivable	22
Total current assets	48	Long-term debt	5
		Net worth (equity and  retained earnings)	60
Fixed assets:
Gross investment	50
Less depreciation	14
Net fixed assets	36	Total liabilities
Total assets	84	and net worth	84