Pilger corporation has cash on hand at year-end of $201,000 and a negative cash flow from operations of $144,000. what is the ra

Question

madreJ [45]

3 years ago

11

Pilger corporation has cash on hand at year-end of $201,000 and a negative cash flow from operations of $144,000. what is the ra

tio of cash to monthly cash expenses?
a. 7.2 months
b. 1.4 months
c. 12.0 months
d. 16.8 months

Business

1 answer:

Natalka [10] · Answer 1 · 2022-01-04T22:43:24+03:00

<span>given: cash on hand at year-end=$201000 negative cash flow = $ 144000 solutions: Monthly cash expenses =negative cash flow =144000/12=12000 ratio of cash to monthly cash expenses=cash on hand at year-end /Monthly cash expenses = 201,000/12000=16.75=16.80(approx) ratio of cash to monthly cash expenses=16.8 months</span>