Use the Table for the Question(s)below

question 21

Multiple Choice

Use the table for the question(s) below.
The data above shows the net working capital requirements for Blunderstone Shoes,a company that makes waterproof boots.All figures are in thousands of dollars.
-What are Blunderstone's temporary working capital requirements in the third quarter?

• A)$2,700,000
• B)$3,400,000
• C)$5,450,000
• D)$6,100,000
• E)$1,750,000

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Definitions:

Fair Values

The income from selling an asset or the cost for handling a liability in a methodically organized market deal on the scheduled assessment date.

Business Combination

The process of merging two or more companies into a single entity to achieve operational efficiencies or strategic objectives.

Consolidated Revenues

The total income generated by a corporation and all its subsidiaries, combined to present the overall revenue figures in the financial statements.

Common Stock

A type of security that represents ownership in a corporation, giving holders voting rights and a share in the company's profits through dividends.