Essay
Peaches, Inc. reported the following data in it's December 31, 2011 annual report:
Cash and cash equivalents $460,000
Cash flow from operations (240,000)
Required:
(1) What is the company's "cash burn" per month?
(2) What is the company's ratio of cash to monthly cash expenses?
Correct Answer:
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(1) $240,000/12=$20,...View Answer
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Correct Answer:
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