Business
Engineering
Math
Science
Social Science
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: 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. c. Based on (a) and (b), comment on Amicus Therapeutics’ ratio of cash to monthly operating expenses for Year 3, Year 2, and Year 1.
Financial Accounting
Solutions
Financial Accounting
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:
-       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.
-       c.          Â
Based on (a) and (b), comment on Amicus Therapeutics’ ratio of cash to monthly operating expenses for Year 3, Year 2, and Year 1.
(a)
Compute monthly cash expenses for Year 3, Year 2 and Year 1.
Explanation of Solution
Cash and cash equivalents: Cash is the money readily available in the form of currency. Cash equivalents are the near-cash items, which are readily convertible into cash. Cash equivalents have a maturity period of three months, or less than 3 months.
Monthly cash expenses are those cash expenses that are estimated from the operating activities section of the statement of the cash flows...
(b)
Compute the ratio of cash to monthly cash expenses.
(c)
Comment ratio of cash to monthly operating expenses for Year 3, Year 2, and Year 1.
Chapter 8 Solutions
Additional Business Textbook Solutions
Financial & Managerial Accounting
Financial And Managerial Accounting
Corporate Financial Accounting
Accounting Information Systems
Foundations of Business (MindTap Course List)
ECON: MICRO4 (New, Engaging Titles from 4LTR Press)
STATISTICS F/BUSINESS+ECONOMICS-TEXT
Management, Loose-Leaf Version
Essentials of Business Communication (MindTap Course List)
Brief Principles of Macroeconomics (MindTap Course List)
Principles of Microeconomics (MindTap Course List)
Fundamentals of Financial Management (MindTap Course List)
Fundamentals of Financial Management, Concise Edition (MindTap Course List)
Principles of Macroeconomics (MindTap Course List)
Principles of Economics (MindTap Course List)
College Accounting, Chapters 1-27
Contemporary Marketing
Essentials of Economics (MindTap Course List)
Accounting Information Systems
College Accounting (Book Only): A Career Approach
Intermediate Accounting: Reporting And Analysis
Financial Accounting
Managerial Accounting: The Cornerstone of Business Decision-Making
Financial & Managerial Accounting
MKTG 12:STUDENT ED.-TEXT
College Accounting (Book Only): A Career Approach
Accounting (Text Only)
Statistics for Business & Economics, Revised (MindTap Course List)
Exploring Economics
Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)
Fundamentals of Financial Management (MindTap Course List)
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
Pkg Acc Infor Systems MS VISIO CD
Principles of Macroeconomics (MindTap Course List)
Corporate Financial Accounting
PAYROLL ACCT.,2019 ED.(LL)-TEXT
Survey of Accounting (Accounting I)
Economics (MindTap Course List)
Microeconomics
Economics For Today
Practical Management Science
Purchasing and Supply Chain Management
Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Financial Accounting
Managerial Accounting
Macroeconomics: Private and Public Choice (MindTap Course List)
Principles of Microeconomics
MACROECONOMICS FOR TODAY
Microeconomics: Private and Public Choice (MindTap Course List)
Economics: Private and Public Choice (MindTap Course List)
Understanding Management (MindTap Course List)
