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Question
The following data are from the Muffin Shoppe for the past four years.
| | Year Ending December 31 | |||
| | Year 1 | Year 2 | Year 3 | Year 4 |
| Cash and cash equivalents | $ 38,788 | $ 65,216 | $ 70,691 | $ 78,274 |
| Cash flow from operations | (39,264) | (50,580) | (45,768) | (57,744) |
Compute the following:
| | Year Ending December 31 | |||
| | Year 1 | Year 2 | Year 3 | Year 4 |
| Monthly cash expenses | | | | |
| Ratio of cash to monthly cash expenses | | | | |
Answer
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