Question
Cash and equivalents = $3,600 Short-term investments = $4,600 Expenses = $145,000 Depreciation = $5,000 Days cash on hand = Cash and equivalents + short-term
Cash and equivalents = $3,600 Short-term investments = $4,600 Expenses = $145,000 Depreciation = $5,000 Days cash on hand = Cash and equivalents + short-term investments/(expenses - depreciation)/365 Days cash on hand =?
A. 22 days
B. 21.4 days
C. 19.5 days
D. 16.9 days
E. None of the above
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Surviving In General Management
Authors: Philip Berman, Pauline Fielding
1st Edition
9780333483145
