Multiple Choice
During the year, Tempo Inc. has monthly cash expenses of $115,000. On December 31, its cash balance is $1,437,500. The ratio of cash to monthly cash expenses is
A) 8.0 months
B) 12.5 months
C) 87.5 months
D) 11.5 months
Correct Answer:
Verified
Correct Answer:
Verified
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