In which quarter are Fancy's seasonal working capital needs the greatest?
The quarterly working capital levels for Fancy Weddings Inc. are presented in the following table (in $ millions):
Quarter 1 2 3 4
Cash 825 175 175 900
Accounts Receivable 585 1,245 1,760 800
Inventory 160 250 250 115
Accounts Payable 735 910 1,255 945
A) 1
B) 2
C) 3
D) 4
Answer: C
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