question archive During 2012, Pierport Inc
During 2012, Pierport Inc
Subject:AccountingPrice:2.89 Bought3
During 2012, Pierport Inc. has monthly cash expenses of $400,000. On December 31, 2012, the cash balance is $3,600,000.
a. Compute the ratio of cash to monthly cash expenses.
b. Based on (a), what are the implications for Pierport Inc.,?
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