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The following information is available for Chancellor Company: profit $3.450 million; net cash provided by operating activities $1.300 million; total cash expenses $2.350 million; depreciation

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The following information is available for Chancellor Company: profit $3.450 million; net cash provided by operating activities $1.300 million; total cash expenses $2.350 million; depreciation expense $350 million; cash dividends $400 million; capital expenditures $600 million; and cash and cash equivalents $850 million. Chancellor's cash to daily cash expenses ratio is calculated as: O a $850 + [($2,350 - $350) + 365] Ob.$850 - ($2,350 + 365) C$1,300+ [($2,350 - $350) - 365] O d. $1.300 + ($2,350 = 365)

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