During 2014, El Dorado Inc. has monthly cash expenses of $168,500. On December 31, 2014, the cash

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During 2014, El Dorado Inc. has monthly cash expenses of $168,500. On December 31, 2014, the cash balance is $1,415,400.

a. Compute the ratio of cash to monthly cash expenses.

b. Based on (a), what are the implications for El Dorado Inc.?

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Corporate Financial Accounting

ISBN: 978-1133952411

12th edition

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

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Question Posted: Feb 28, 2014 08:57 AM

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During 2014, El Dorado Inc. has monthly cash expenses of $168,500. On December 31, 2014, the cash

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a Cash expenses 168500 Cash balance 1415400 Ratio of cash to monthly cash expenses C...View the full answer

Corporate Financial Accounting

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