The following data is given for DGR Company: Net cash flows from operating activities $6,000,000 Cash and cash equivalents at end of year $2,700,000 DGR Company's ratio of cash to monthly cash expenses is ____. a.3.2 months b.4.5 months c.5.4 months d.8.1 months
The following data is given for DGR Company: Net cash flows from operating activities $6,000,000 Cash and cash equivalents at end of year $2,700,000 DGR Company's ratio of cash to monthly cash expenses is ____. a.3.2 months b.4.5 months c.5.4 months d.8.1 months
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter7: Receivables And Investments
Section: Chapter Questions
Problem 7.17E
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The following data is given for DGR Company:
DGR Company's ratio of cash to monthly cash expenses is ____.
Net cash flows from operating activities | $6,000,000 |
Cash and cash equivalents at end of year | $2,700,000 |
DGR Company's ratio of cash to monthly cash expenses is ____.
a.3.2 months
b.4.5 months
c.5.4 months
d.8.1 months
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