For Years Ended December 31 Year 3 Year 2 Year 1 Cash and cash equivalents Net cash flows from operations $ 37,778 (13,234) $ 13,838 $ 16,338 (23,703) (18,172)
For Years Ended December 31 Year 3 Year 2 Year 1 Cash and cash equivalents Net cash flows from operations $ 37,778 (13,234) $ 13,838 $ 16,338 (23,703) (18,172)
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter23A: Statement Of Cash Flows: The Direct Method
Section: Chapter Questions
Problem 4SEA
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diagnostic devices for eye disease. TearLab reported the following data (in thousands) for three recent years:
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Determine the monthly cash expenses for Year 3, Year 2, and Year 1. Round to one decimal place.
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Determine the ratio of cash to monthly cash expenses as of December 31 for Year 3, Year 2, and Year 1. Round to one decimal place.
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Based on (1) and (2), comment on TearLab's ratio of cash to monthly operating expenses for Year 3, Year 2, and Year 1.
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