During 2007, Kinetic Inc. has monthly cash expenses of $175,000. On December 31, 2007, the cash balance

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During 2007, Kinetic Inc. has monthly cash expenses of $175,000. On December 31, 2007, the cash balance is $1,575,000.
a. Compute the ratio of cash to monthly cash expenses.
b. Based upon (a), what are the implications for Kinetic Inc.?

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Financial Accounting An Integrated Statements Approach

ISBN: 978-0324312119

2nd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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Question Posted: May 29, 2012 09:44 AM

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During 2007, Kinetic Inc. has monthly cash expenses of $175,000. On December 31, 2007, the cash balance

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a 9 months 1575000175000 b At the current rate ...View the full answer

Financial Accounting An Integrated Statements Approach

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