Company A develops therapies for pain relief for a variety of patients, including cancer and trauma...

 

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Company A develops therapies for pain relief for a variety of patients, including cancer and trauma patients. The following data (in thousands) were adapted from financial statements of a recent year. Net cash flows used in operating activities $(22,931) End of the year cash and cash equivalents 8,963 Short-term investments* 32,190 *Includes U.S. short-term government securities that are readily convertible to cash. 1. Compute the monthly cash expenses. Round to the nearest thousand dollars. $ X thousand 2. Compute the ratio of cash to monthly cash expenses, excluding short-term investments. Round your answers to one decimal place. months 3. Including short-term investments as part of cash and cash equivalents, compute the ratio of cash to monthly cash expenses. Round your answers to one decimal place. months Company A develops therapies for pain relief for a variety of patients, including cancer and trauma patients. The following data (in thousands) were adapted from financial statements of a recent year. Net cash flows used in operating activities $(22,931) End of the year cash and cash equivalents 8,963 Short-term investments* 32,190 *Includes U.S. short-term government securities that are readily convertible to cash. 1. Compute the monthly cash expenses. Round to the nearest thousand dollars. $ X thousand 2. Compute the ratio of cash to monthly cash expenses, excluding short-term investments. Round your answers to one decimal place. months 3. Including short-term investments as part of cash and cash equivalents, compute the ratio of cash to monthly cash expenses. Round your answers to one decimal place. months