AcelRx Pharmaceuticals develops therapies for pain relief for a variety of patients

Net cash flows $(34,456) End of year cash and cash equivalents 60,038 Short-term investments 15,312

1. Compute the monthly cash expenses. Round to the nearest thousand 2. Compute the ratio of cash to monthly cash expenses excluding short-term investments. Round to one decimal place 3. Including short term investments as part of cash and cash equivalents compute the ratio of cash to monthly cash expenses. Round to one decimal point. 4. Comment on the results of part 2 and 3 5. AcelRx had negative cash flows from operations for the seven years, yet cash, cash equivalents and short term investments are 75,350 (60,038+15,312) how could this have happened?