Sailboats Etc. is a retail company specializing in sailboats and other sailing-related equipment. The following table contains
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Sailboats Etc. is a retail company specializing in sailboats and other sailing-related equipment. The following table contains financial forecasts as well as current (month 0) working capital levels (see MyFinanceLab for the data in Excel format).
a. During which month are the firm's seasonal working capital needs the greatest?
b. When does the firm have surpluscash?
Transcribed Image Text:
Month ($000) Net Income Depreciation Capital Expenditures Levels of Working Capital $10 $12 $15 $25 $30 S18 Accounts Receivable $2 Inventory Accounts Payable 3 457 10 6
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