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Ratio of Cash to Monthly Cash Expenses Financial data for Otto Company follow: For Year Ending December 31 Cash on December 31 $77,600 Cash flow
Ratio of Cash to Monthly Cash Expenses Financial data for Otto Company follow: For Year Ending December 31 Cash on December 31 $77,600 Cash flow from operations (96,000) 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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