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l (Click on the Icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) ($000) 0 2 3 4 5 6 1 $10.26 $12.44 $14.97 $25.24 $29.63 $17.86 Net Income Depreciation 1.97 2.98 3.06 4.01 5.02 3.99 1.04 0.00 0.00 1.04 0.00 0.00 Capital Expenditures Levels of Working Capital Accounts Receivable $1.93 $2.93 $3.95 $5.05 $6.94 $10.08 $6.04 Inventory 2.92 1.94 4.01 5.08 3.91 2.08 2.06 2.06 Accounts Payable 2.06 2.06 2.06 2.06 5.09 2.06 Sailboats Etc. is a retail company specializing in sailboats and other sailing-related equipment. The table shown here, contains financial forecasts as well as current (month 0) working capital levels. During which month is the firm's change in net working capital the greatest? When does it have surplus cash? (000) 2 5 6 Change in accounts receivable $ Change in inventory 5 $ $ $ $ Change in accounts payable S S $ $ Change in networking capital During which month is the firm's change in net working capital the greatest? (Select from the drop-down menu.) From the table it can be seen that Sailboat's change in net working capital is the highest in Month because its investments in accounts receivable, inventory and accounts payable increased the most in that month To determine when Sailboats has surplus cash, we calculate the changes in cash: (Round to two decimal places) $ Sailboats Etc. is a retail company specializing in sailboats and other sailing-related equipment. The table shown here, contains financial forecasts as well as curr capital levels. During which month is the firm's change in net working capital the greatest? When does it have surplus cash? CIZZED To determine when Sailboats has surplus cash, we calculate the changes in cash: (Round to two decimal places) (000) 1 2 3 4 5 6 Net income $ $ $ $ + Depreciation $ $ $ - Change in net working capital $ $ Cash flow from operations $ $ $ Capital expenditures $ $ $ Change in cash $ When does it have surplus cash? (Select the best choice below.) $ $ $ $ $ $ $ $ When does it have surplus cash? (Select the best choice below.) OA. Sailboats, Etc. has a surplus cash position in every month except in Month 3. OB. Sailboats, Etc. has a surplus cash position in every month. OC. Sailboats, Etc. has a surplus cash position in every month except in Month 6. OD. Sailboats, Etc. has a surplus cash position in every month except in Month 1

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