Boston Scientific Corporation is a competitor of Kips Bay Medical (FA 5-3). It was organized in 1979 and also develops, produces, and sells medical devices. The following data (in thousands) were adapted from Boston Scientifics’ recent financial statements.

1. Compare the preceding data for Boston Scientific with Kips Bay Medical’s data shown in FA 5-3.
2. Would the computation of the ratio of cash to monthly cash expenses be meaningful for Boston Scientific?
In FA 5-3, Kips Bay Medical Inc. is a medical device company that develops, produces, and sells products used in coronary surgery. The following data (in thousands) were adapted from recent financialstatements.

  • CreatedMarch 11, 2014
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