Ratio of Cash to Monthly Cash Expenses Company A develops therapies for pain relief for a variety of patients, including cancer and trauma patients. The following data (in thousands) were adapted from financial statements of a recent year. Net cash flows used in operating activities $(17,580) End of the year cash and cash equivalents 11,691 Short-term investments* 32,190 *Includes U.S. short-term government securities that are readily convertible to cash. 1. Compute the monthly cash expenses. Round to the nearest thousand dollars. $ thousand 2. Compute the ratio of cash to monthly cash expenses, excluding short-term investments. Round your answers to one decimal place. months 3. Including short-term investments as part of cash and cash equivalents, compute the ratio of cash to monthly cash expenses. Round your answers to one decimal place. months 4. For the recent year, Company A has negative monthly cash expenses If this cash burn continues, Company A can continue operating for the number of months computed (in #2 above) using its current cash and cash equivalents. By including short-term investments of $32,190, Company A can continue operating an additional months. 5. Although Company A has experienced negative cash flows from operations for the past seven years, it still has cash and cash equivalents, and short-term investments of $43,881. Obviously, investors have confidence that Company A will be able to generate positive cash flows from operations and earn profits in the future. In fact, within the past three years Company A issued additional common stock and long-term debt of over $70,210