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Content AreaIf a company's net cash flows used in operating activities is $(1,500,000) for the year and its end-of-year cash and cash equivalents balance is
Content AreaIf a company's net cash flows used in operating activities is $(1,500,000) for the year and its end-of-year cash and cash equivalents balance is $750,000, determine the company's ratio of cash to monthly cash expenses. a. 2.0 months b. 6.0 months c. 5.0 months d. 9.0 months
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