Skip to Main content Question 1 Question 2 Question 3 Question 4 Question 5 Question 6 Question 7 Question 8 Question 9 Question 10 Question content area top Part 1 Emerald City Umbrellas sells umbrellas and 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: (Click on the following icon to export the data displayed below.) Q1 Q2 Q3 Q4 Sales It carries inventory equal to of next quarter's sales, has accounts payable of of next quarter's sales, and accounts receivable of of this quarter's sales. a. Assume that it starts with in inventory, in accounts payable, and no accounts receivable for the new market. Forecast its working capital levels and changes over the four quarters. b. If Emerald City Umbrellas has net income equal to of sales, what will be its financing needs over the four quarters?