During 2014, El Dorado Inc. has monthly cash expenses of $168,500. On December 31, 2014, the cash
Question:
During 2014, El Dorado Inc. has monthly cash expenses of $168,500. On December 31, 2014, the cash balance is $1,415,400.
a. Compute the ratio of cash to monthly cash expenses.
b. Based on (a), what are the implications for El Dorado Inc.?
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a Cash expenses 168500 Cash balance 1415400 Ratio of cash to monthly cash expenses C...View the full answer
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Related Book For
Corporate Financial Accounting
ISBN: 978-1133952411
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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