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
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diagnostic devices for eye disease. TearLab reported the following data (in thousands) for three recent years:

 
 
  1. Determine the monthly cash expenses for Year 3, Year 2, and Year 1. Round to one decimal place.

  2. 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.

  3.  Based on (1) and (2), comment on TearLab's ratio of cash to monthly operating expenses for Year 3, Year 2, and Year 1.

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)
Transcribed Image Text: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)
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