Cash to monthly cash expenses ratio OBJ. 8 Capstone Turbine Corporation produces and sells turbine generators for

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Cash to monthly cash expenses ratio OBJ. 8 Capstone Turbine Corporation produces and sells turbine generators for such applications as charging electric, hybrid vehicles. Capstone Turbine reported the following financial data for a recent year (in thousands):

Net cash flows from operating activities $(21,438)

Cash and cash equivalents 49,952

a. Determine the monthly cash expenses. Round to one decimal place.

b. Determine the ratio of cash to monthly cash expenses. Round to one decimal place.

c. Based on your analysis, do you believe that Capstone Turbine will remain in business?

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Related Book For  book-img-for-question

Financial And Managerial Accounting

ISBN: 9781305267831,9781305267848

13th Edition

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

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