Ratio of Cash to Monthly Cash Expenses Financial data for Otto Company follow: For Year Ending December 31 Cash on December 31 $59,590 Cash flow from operations (70,800) a. Compute the ratio of cash to monthly cash expenses. Round to one decimal place. months b. Interpret the results computed in (a). enthly Cash Expenses Radio Inc. has monthly cash expenses of $ $93,000. On December 31, the cash balance is $744,000. ze the ratio of cash to monthly cash expenses. months current rate of operations, El Dorado has a specific number of months of cash remaining. El Dorado should: Monthly Cash Expenses Ratio micus Therapeutics, Inc., is a biopharmaceutical company that develops drugs for the treatment of various di For Years Ended December 31 Year 3 Year 2 Year 1 Cash and cash equivalents $11,000 $18,090 $30,710 et cash flows from operations (26,400) (32,400) (44,400) Determine the monthly cash expenses for Year 3, Year 2, and Year 1 (in thousands). ear 3: 26,400 X per month ear 2: per month rear 1: per month o. Determine the ratio of cash to monthly cash expenses for Year 3, Year 2, and Year 1 as of December 31. Rour Year 3: 8 X months Year 2: 12 x months Year 1: 12 x months C. Based on (a) and (b), which of the following statements is correct. 1. Amicus has been able to support its operations by issuing additional stock. However, its negative cash flows hav 2. Amicus has been able to support its operations generating positive cash flows. Its positive cash flows have incre. 3. Amicus has been able to support its operations generating positive cash flows. However the cash flows generate Feedback