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Farm Store, Inc. reported the following data in its December 31 annual report. Cash and cash equivalents $1,050,000 Negative cash flows from operations (420,000) Required:
Farm Store, Inc. reported the following data in its December 31 annual report.
| Cash and cash equivalents | $1,050,000 |
| Negative cash flows from operations | (420,000) |
Required:
1. What is the company's "cash burn" per month? $ per month
2. What is the company's ratio of cash to monthly cash expenses? months
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