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(Answered) Working Capital


Emerald City Umbrellas sells umbrellas an rain gear in Seattle, so its sales are fairly level across the year. However, it is branching out to other markets where it expects demand to be much more variable across the year. It expects sales in its new market of;Q1 Q2 Q3 Q4;Sales 20,000 50,000 10,000 50,000;It carries over inventory equal to 20% of next quarter's sales, has accounts payable of 10% of next quarters sales, and accounts receivable of 20% of this quarters sales.;a. Assume that it starts with $4000 in inventory, $2000 in accounts payment and no accounts receivable for the new market. Forecast its working capital levels and changes over the next four quarters.;b. If Emerald City Umbrellas has net income equal to 20% of sales, what will its financing needs be over the four quarters?
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Working Capital

 


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