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 smallest?

Question

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 smallest?

Quizplus · Accepted Answer

The Answer of 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 smallest?

Use the Information for the Question(s)below