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Question 72

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Use the information for the question(s) below. 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 greatest? A) Q1 B) Q2 C) Q3 D) Q4 E) Q5 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 greatest?


A) Q1
B) Q2
C) Q3
D) Q4
E) Q5

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