Q1: $2.0 million Q2: $0.3 million Q3: $0.4 million Q4: $4.2 million 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 is it expected that Glenside's seasonal working capital needs will be the greatest?

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The Answer of Q1: $2.0 million Q2: $0.3 million Q3: $0.4 million Q4: $4.2 million 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 is it expected that Glenside's seasonal working capital needs will be the greatest?

Q1: $20 Million Q2: $0