Question: 1 9 . ( 6 pts ) Your business has the following cash on hand at the end of the past four months: October November

19.(6 pts) Your business has the following cash on hand at the end of the past four months:
October November December January
Cash holdings $260000 $220000 $210000 $175000
(a) What is your average net burn rate?
(b) What is your runway?
19 b.(2 pts) What might your burn rate be telling you?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!