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Cash to Monthly Cash Expenses Ratio El Dorado Inc. has monthly cash expenses of $ $44,000. On December 31, the cash balance is $440,000.
Cash to Monthly Cash Expenses Ratio El Dorado Inc. has monthly cash expenses of $ $44,000. On December 31, the cash balance is $440,000. a. Compute the ratio of cash to monthly cash expenses. X months b. At the current rate of operations, El Dorado has a specific number of months of cash remaining. El Dorado should: Begin planning on raising additional financing or restructure its operations in order to remain in business.
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