Use the Table for the Question(s) Below

question 98

Multiple Choice

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

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

• A) 1
• B) 2
• C) 3
• D) 4

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Definitions:

Fixed Asset

Long-term tangible assets, such as machinery and buildings, used in the operation of a business, not expected to be consumed or converted into cash in the short term.

Cash Flow Statement

A financial statement that provides aggregate data regarding all cash inflows and outflows a company receives from its ongoing operations, investment, and financing activities.

Investing Activities

Transactions and events related to the acquisition or disposal of long-term assets and investments not included in cash equivalents.

Accounts Payable

Liabilities of a business that represent amounts due to suppliers or creditors for goods and services received but not yet paid for.