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 are Fancy's seasonal working capital needs the smallest?
A) 1
B) 2
C) 3
D) 4

Question

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 are Fancy's seasonal working capital needs the smallest?
A) 1 
B) 2 
C) 3 
D) 4

Quizplus · Accepted Answer

B)
 11ea84dc_f4df_2e1e_9a63_15b675b4ea9d_TB1316_00_TB1316_00 Working capital = Cash + AR + Inventory - AP.
Note quarter 2 has the smallest working capital needs.

Use the Table for the Question(s) Below