The treasurer of Westmark Industrial, Inc., a wholesale distributor of household applian...

The treasurer of Westmark Industrial, Inc., a wholesale distributor of household appliances, wants to estimate his company’s cash balances for the first three months of 2015. Using the information

below, construct a monthly cash budget for Westmark for January through March 2015. Westmark’s sales are 20 percent for cash, with the rest on 30-day credit terms. Its purchases are all on 60-day

credit terms. Does it appear from your results that the treasurer should be concerned about investing excess cash or looking for a bank loan?