Question
The Garden Gate, Inc. reported the following data in its August 31 annual report. Cash and cash equivalents $485,625 Cash flow from operations (630,000) Required:
The Garden Gate, Inc. reported the following data in its August 31 annual report.
| Cash and cash equivalents | $485,625 |
| Cash flow from operations | (630,000) |
Required:
1. What is the company's "cash burn" per month? $ per month
2. What is the company's ratio of cash to monthly cash expenses? Round your answer to one decimal place. months
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Managerial Accounting
Authors: Ronald W Hilton
7th Edition
0073022853, 978-0073022857
