Light Co reported the following data in thousands for the
Light Co. reported the following data (in thousands) for the years ended December 31, 2013, 2012, 2011, and 2010:
1. Determine the monthly cash expenses for 2013, 2012, 2011, and 2010. Round to one decimal place.
2. Determine the ratio of cash to monthly cash expenses as at December 31, 2013, 2012, 2011, and 2010. Round to one decimal place.
3. Based on (1) and (2), comment on Light Co.’s ratio of cash to monthly cash expenses for 2013, 2012, 2011, and 2010.
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