Shorthills Co. reported the following data (in thousands) for the years ended December
31, 2013, 2012, 2011, and 2010:

1. Determine the monthly cash expenses for 2013, 2012, 2011, and 2010. Round to one decimal place.
2. Determine the ratio of cash to monthly cash expenses as at December 31, 2013, 2012, 2011, and 2010. Round to one decimal place.
3. Based on instructions (1) and (2), comment on Shorthills Co.€™s ratio of cash to monthly cash expenses for 2013, 2012, 2011, and 2010.

Transcribed Image Text:

2013 2012 2011 2010 Cash as at December 31 Net cash flows from operating activities (8 D89) (30,683 (19,319) (15,507) Includes cash equivalents and short-term investments. $59,750 $51.112 $45,18D $54,562