Question: In 2 0 1 8 , Start - up Solar Car Inc. had a cash burn rate of approximately $ 5 6 , 0 0

In 2018, Start-up Solar Car Inc. had a cash burn rate of approximately $56,000 per day. Do we need to compute the cash burn rate for 2020?
We Answer 18NeedDo not need to compute the cash burn rate because Answer 19Income before income taxesInterest expenseCash flows from operating activitiesCash paid for capital expenditures exceeds Answer 20Income before income taxesInterest expenseCash flows from operating activitiesCash paid for capital expenditures in 2020.
Almost every new company starts with Answer 21PositiveNegative free cash flow. But every successful new company must reach a point where it stops Answer 22consuminggeneratingprohibiting cash and begin Answer 23consuminggeneratingprohibiting cash. The 2020 report for this company appear to show that point may have been reached.

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