Q1: $18 Million Q2: $2

Q1: $1.8 million Q2: $2.4 million Q3: $8.4 million Q4: $3.2 million Azamel Cosmetics specializes in cosmetics which have high levels of UV protection. The above figures show the anticipated sales over the next four quarters. Azamel carries inventory equal to 30% of next quarter's sales, has accounts payable of 20% of next quarter's sales, and accounts receivable of 25% of this quarter's sales. If its net income is 12% of sales, in which quarter will Azamel's seasonal working capital needs will be the greatest?

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