Use the Table for the Question(s) Below

question 57

Multiple Choice

Use the table for the question(s) below.
The quarterly working capital levels for Fancy Weddings Inc. are presented in the following table (in $ millions) :

-In which quarter are Fancy's seasonal working capital needs the smallest?

• A) 1
• B) 2
• C) 3
• D) 4

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Definitions:

Debenture

A type of debt instrument that is not secured by physical assets or collateral but based on the creditworthiness and reputation of the issuer.

Unsecured Debt

A type of debt or general obligation that is not protected by a guarantor, or collateralized by a lien on specific assets of the borrower.

Maturity

The time at which payment to a bondholder is due from the issuer, according to the bond's terms.

Investment-Quality

A designation given to securities or investments considered to offer lower risk and stable returns.