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Amicus Therapeutics, Inc. , is a biopharmaceutical company that develops drugs for the treatment of various diseases, including Parkinsons disease. Amicus Therapeutics reported the following
Amicus Therapeutics, Inc., is a biopharmaceutical company that develops drugs for the treatment of various diseases, including Parkinsons disease. Amicus Therapeutics reported the following financial data (in thousands) for three recent years:
For Years Ended December 31 | ||||||
Year 3 | Year 2 | Year 1 | ||||
Cash and cash equivalents | $79,749 | $49,060 | $187,026 | |||
Net cash flows from operations | (299,955) | (213,695) | (150,147) |
a. Determine the monthly cash expenses for Year 3, Year 2, and Year 1 (in thousands). Round to one decimal place.
Year 3: | fill in the blank per month |
Year 2: | fill in the blank per month |
Year 1: | fill in the blank per month |
b. Determine the ratio of cash to monthly cash expenses for Year 3, Year 2, and Year 1 as of December 31. Round to one decimal place.
Year 3: | fill in the blank |
Year 2: | fill in the blank |
Year 1: | fill in the blank |
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