Hyperspace Communications, Inc., engages in the development, manufacture, and marketing of network acceleration and data compression software
Question:
Hyperspace Communications, Inc., engages in the development, manufacture, and marketing of network acceleration and data compression software worldwide. Its software products speed up the delivery of information over computer networks, including the Internet, wireless, broadband, private, and dial-up networks. Hyperspace reported the following data (in thousands) for the years ending December 31:
a. Determine the monthly cash expenses for 2005 and 2004. Round to one decimal place.
b. Determine the ratio of cash to monthly expenses for December 31, 2005 and 2004. Round to one decimal place.
c. Based upon (a) and (b), what are the implications forHyperspace?
Step by Step Answer:
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac