DressUp! is a clothing retailer specializing in costumery. The financial forecast for a year is shown in the table above. All figures are in thousands of dollars. During which of the following months does the firm have surplus cash?
Month J F M A M J J A S O N D
Net Income 8 5 6 6 6 6 6 6 6 42 20 7
Depreciation 2 2 1 2 2 1 2 2 2 2 2 2
Capital Expenditures 1 0 0 1 2 1 2 4 5 2 0 0
Accounts Receivable 16 2 3 2 1 1 2 1 3 18 22 12
Inventory 3 2 2 2 2 2 3 4 8 16 5 2
Accounts Payable 3 3 3 3 3 3 3 3 3 3 3 3
A) April
B) June
C) September
D) October
Answer: D
Business
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