18. The following information is available for Grosvenor Company: profit $2,200 million; net cash provided by operating activities $1,200 million; total expenses $1,700 million; depreciation expense $275 million; cash dividends $330 million; capital expenditures $750 million; and cash and cash equivalents $700 million. Grosvenor's cash to daily cash expenses ratio is calculated as: a. $1,200 = ($1,700 =365) b. $700 = ($1,700 = 365) c. $700 = [($1,700 - $275) = 365] d. $1,200 = [($1, 700 - $275) = 365]