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Emerald City Umbrellas sells umbrellas and rain gear in Seattle, so its sales are fairly...

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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 to be as follows. It carries inventory equal to \18 of next quarter's sales, has accounts payable of \10 of next quarter's sales, and has accounts receivable of \18 of this quarter's sales. a. Assume that it starts with \\( \\$ 3645 \\) in inventory, \\( \\$ 2025 \\) 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 \18 of sales, what will be its financina needs over the next auarter? a. Assume that it starts with \\( \\$ 3645 \\) in inventory, \\( \\$ 2025 \\) in accounts payable, and no accounts receivable for the new market. Forecast its working capital levels and changes over the four quarters. Calculate Emerald City Umbrellas's working capital level in the current period and over the next four quarters. (Round to the nearest dollar.)

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