During 2016, El Dorado Inc. has monthly cash expenses of $168,500. On December 31, 2016, the cash

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During 2016, El Dorado Inc. has monthly cash expenses of $168,500. On December 31, 2016, 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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Accounting

ISBN: 978-1285743615

26th edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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Question Posted: Oct 27, 2016 01:59 AM

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During 2016, El Dorado Inc. has monthly cash expenses of $168,500. On December 31, 2016, the cash

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a 84 months 1415400 168500 b At the current rate ...View the full answer

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