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Compute the ratio of cash to monthly cash expenses

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Reference no: EM132681382

Problem - Cash to monthly cash expenses ratio

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.?

Reference no: EM132681382

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