Use the Information for the Question(s)below

question 8

Multiple Choice

Use the information for the question(s) below. Glenside Industries is a domestic machinery manufacturer which specializes in the production of snowblowers.The above figures show the anticipated sales over the next four quarters.Glenside carries inventory equal to 25% of next quarter's sales,has accounts payable of 15% of next quarter's sales,and accounts receivable of 23% of this quarter's sales.
-If its net income is 10% of sales,in which quarter(s) is it expected that Glenside's seasonal working capital needs will be the smallest?

• A)Q1
• B)Q2
• C)Q3
• D)Q4
• E)Q5

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