Use the Table for the Question(s)below

question 35

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(s) are Fancy's seasonal working capital needs the greatest?

• A)1
• B)2
• C)3
• D)4
• E)1 and 2

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Definitions:

Credit Terms

Conditions under which credit is extended by a lender to a borrower, including repayment timelines and interest rates.

Prompt Payment Discount

A discount offered by sellers to buyers for paying their bills promptly, usually defined as within a specified number of days.

Borrowing Rate

The interest rate or cost that a borrower pays to a lender to borrow money.

Long-Term Projects

Ventures or initiatives with a timeline extending over several years, typically requiring substantial capital investment and planning.