Cash to monthly cash expenses ratio OBJ. 8 During 2016, El Dorado Inc. has monthly cash expenses
Question:
Cash to monthly cash expenses ratio OBJ. 8 During 2016, El Dorado Inc. has monthly cash expenses of $168,500. On December 31, 2016, 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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Related Book For 
Financial And Managerial Accounting
ISBN: 9781305267831,9781305267848
13th Edition
Authors: Carl S. Warren , James M. Reeve , Jonathan Duchac
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