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Accounting 26th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 26ISBN: 978-1285743615Accounting 26th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 26ISBN: 978-1285743615 Exercise 46
Cash to monthly cash expenses ratio
El Dorado Inc. has monthly cash expenses of $168,500. On December 31, the cash balance is $1,415,400.
a. Compute the ratio of cash to monthly cash expenses.
b. Based on (a), what are the implications for El Dorado Inc.
El Dorado Inc. has monthly cash expenses of $168,500. On December 31, the cash balance is $1,415,400.
a. Compute the ratio of cash to monthly cash expenses.
b. Based on (a), what are the implications for El Dorado Inc.
Explanation
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a.
To calculate ratio of cash to monthly...
Accounting 26th Edition by Carl Warren,James Reeve,Jonathan Duchac
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