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Cash, end of year, $500,000 Estimation of yearly cash expenses from negative cash flows from operations on statement of cash flows, $(155,000) Cash, beginning of
Cash, end of year, $500,000 Estimation of yearly cash expenses from negative cash flows from operations on statement of cash flows, $(155,000) Cash, beginning of year, $400,000 Accounts receivable, $10,000 Inventory, $20,000 Net Income for the year How many months will the company be able to continue without positive cash flows or additional financing (round to nearest whole month)? a. 12 months b. 25 months c. 39 months d. 16 months
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