Exercise 12-36 Balanced Scorecard; Startup (LO 12-6, 12-7)

FlyHigh Tech, an early-stage startup, reports to its investors using a balanced scorecard that is prepared at the end of each quarter. During the first and second quarters of the current year, the company had the following results:

The following additional information is available:

• All jobs were filled as of the end of each quarter, and during the second quarter of the year FlyHigh hired seven new employees.
• Ten percent of customers from quarter one were lost during the second quarter, however the company increased sales and marketing expenditures by over 20 percent, resulting in a net gain in customers for the quarter.

Required: Compute the following measures that are included in FlyHigh Techs second quarter balanced scorecard: (Round "Cash runway" answer to 1 decimal place.)

Answer is complete but not entirely correct. Answer is complete but not entirely correct