During the year,Tempo Inc.has monthly cash expenses of $115,000.On December 31,its cash balance is $1,437,500.The ratio of cash to monthly cash expenses is

Name: During the year,Tempo Inc.has monthly cash expenses of $115,000.On December 31,its cash balance is $1,437,500.The ratio of cash to monthly cash expenses is
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Question

Quizplus · Accepted Answer

The ratio of cash to monthly cash expenses is calculated by dividing the cash balance by the monthly cash expenses: $1,437,500 / $115,000 = 12.5.

During the Year,Tempo Inc