Chapter 8 Internal Control and Cash433EX 8-28 Cash to monthly cash expenses ratioOBJ. 8Amicus Therapeutics, Inc., is a biopharmaceutical company that develops drugs for thetreatment of various diseases, including Parkinson's disease. Amicus Therapeutics reportedthe following financial data (in thousands) for three recent years:For Years Ended December 31Year 3Year 2Year 1houldCash and cash equivalentsNet cash flows from operationsx1 $79,749$ 49,060$ 187,026(150,147)(299,955)(213,695)a. Determine the monthly cash expenses for Year 3, Year 2, and Year 1. Round to onedecimal place.b. Determine the ratio of cash to monthly cash expenses for Year 3, Year 2, and Year 1as of December 31. Round to one decimal place.Based on (a) and (b), comment on Amicus Therapeutics' ratio of cash toС.monthly operating expenses for Years 1, 2, and 3.ms: Series A

Following is the determination of monthly cash expenses for all the years: Monthly cash expenses…

EX 8-28 Cash to monthly cash expenses ratio Amicus Therapeutics, Inc., is a biopharmaceutical treatment of various diseases, including Parkinson's d the following financial data (in thousands) for three

EX 8-28 Cash to monthly cash expenses ratio Amicus Therapeutics, Inc., is a biopharmaceutical treatment of various diseases, including Parkinson's d the following financial data (in thousands) for three

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Chapter 8 Internal Control and Cash
433
EX 8-28 Cash to monthly cash expenses ratio
OBJ. 8
Amicus Therapeutics, Inc., is a biopharmaceutical company that develops drugs for the
treatment of various diseases, including Parkinson's disease. Amicus Therapeutics reported
the following financial data (in thousands) for three recent years:
For Years Ended December 31
Year 3
Year 2
Year 1
hould
Cash and cash equivalents
Net cash flows from operations
x1 $79,749
$ 49,060
$ 187,026
(150,147)
(299,955)
(213,695)
a. Determine the monthly cash expenses for Year 3, Year 2, and Year 1. Round to one
decimal place.
b. Determine the ratio of cash to monthly cash expenses for Year 3, Year 2, and Year 1
as of December 31. Round to one decimal place.
Based on (a) and (b), comment on Amicus Therapeutics' ratio of cash to
С.
monthly operating expenses for Years 1, 2, and 3.
ms: Series A

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