Cash to Monthly Cash Expenses Ratio El Dorado Inc. has monthly cash expenses of $...
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Accounting
Cash to Monthly Cash Expenses Ratio
El Dorado Inc. has monthly cash expenses of $ $30,000. On December 31, the cash balance is $150,000.
a. Compute the ratio of cash to monthly cash expenses. months
b. At the current rate of operations, El Dorado has a specific number of months of cash remaining. El Dorado should:
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