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Author Question: Q1: $2.0 millionQ2: 0.3 millionQ3: 0.4 millionQ4: 4.2 millionGlenside Industries is a domestic ... (Read 59 times)

penza

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on: Jul 9, 2019
Q1:  $2.0 millionQ2:  0.3 millionQ3:  0.4 millionQ4:  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?
◦ Q3
◦ Q2
◦ Q4
◦ Q1
Fundamentals of Corporate Finance ¦ Berk, DeMarzo, Harford ¦ 2nd Edition
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Marked as best answer by penza on Jul 9, 2019

manuelcastillo

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Reply #1 on: Jul 9, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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penza

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Reply #2 on: Jul 9, 2019
Thanks


manuelcastillo

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Reply #3 on: Jul 9, 2019
Welcome :)


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