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Rossignol Co. manufactures and sells skis and snowboards in
France, Switzerland and Italy, and also maintains a corporate
account in Frankfurt, Germany. Rossignol has been setting separate
operating cash balances in each country at a level equal to
expected cash needs plus two standard deviations above those needs,
based on a statistical analysis of cash flow volatility. Expected
operating cash needs and one standard deviation of those needs are
below.