Question: Please show the work for solving this question preferably by hand and not using excel. Thank you. 2 3 4. Summer Inc. The table below
2 3 4. Summer Inc. The table below contains Summer's monthly financial forecasts, along with the current (month 0) levels of the company's working capital accounts. All amounts below are in thousands of dollars. Month: 0 Net Income 2 2 20 24 30 50 60 36 Depreciation 6 6 8 10 8 Capital Expenditures 2 2 0 Accounts Receivable 4 8 10 14 20 12 Inventory 6 4 10 8 4 Accounts Payable 4 4 4 4 4 4 4 A. During which month is Summer's working capital need the greatest? B. What is expected change in cash each month? Omalo 0 0 6 OO 10 TO 8
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