During 2015, Copper Coal Inc. has monthly cash expenses of $275,000. On December31, 2015, the cash balance

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During 2015, Copper Coal Inc. has monthly cash expenses of $275,000. On December 31, 2015, the cash balance is $1,787,500.
a. Compute the ratio of cash to monthly cash expenses.
b. Based on a. what are the implications for Copper Coal Inc.?

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Accounting

ISBN: 978-0176509743

Volume 1, 2nd canadian Edition

Authors: Carl warren, James Reeve, Jonathen Duchac, Sheila Elworthy,

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Question Posted: Sep 15, 2015 01:52 AM

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During 2015, Copper Coal Inc. has monthly cash expenses of $275,000. On December31, 2015, the cash balance

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a 65 months 1787500275000 b At the current rate ...View the full answer

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