The Following Information Is Available for Chancellor Company: Profit $3

Multiple Choice

The following information is available for Chancellor Company: profit $3.600 million; net cash provided by operating activities $1,250 million; total expenses $2,500 million; depreciation expense $350 million; cash dividends $400 million; capital expenditures $650 million; and cash and cash equivalents $900 million. Chancellor's cash to daily cash expenses ratio is calculated as:

A) $1,250 ÷ ($2,500 ÷ 365)
B) $900 ÷ [($2,500 - $350) ÷ 365]
C) $900 ÷ ($2,500 ÷ 365)
D) $1,250 ÷ [($2,500 - $350) ÷ 365]