Question
Ratio of Cash to Monthly Cash Expenses Financial data for Otto Company follow: For Year Ending December 31 Cash on December 31 $70,290 Cash flow
Ratio of Cash to Monthly Cash Expenses
Financial data for Otto Company follow:
| For Year Ending December 31 | ||
| Cash on December 31 | $70,290 | |
| Cash flow from operations | (85,200) | |
a. Compute the ratio of cash to monthly cash expenses. Round to one decimal place. months
b. Interpret the results computed in (a).
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Cost Accounting
Authors: Srivastava Lal, Jawahar Lal
5th Edition
1259026523, 978-1259026522
