Panther Company reported the following as of and for its year ended December 31, 2020 (in thousands)

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Cash used in operating activities $(1,640)

Capital expenditures $ 550

Cash on hand $ 600

Based on this information, please answer the following:

A. How many days does Panther Company have before it runs out of cash?

B. Describe possible actions Panther Company could take before it runs out of cash.

Posted Date: Dec 14, 2021 05:52 PM

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Panther Company reported the following as of and for its year ended December 31, 2020 (in thousands)

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Expert Answer:

Answer 00 days cash position change Binn Rate Totel change specipied time peniod Total change 21 ... View the full answer

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