Action Therapeutics, Inc., reported the following financial data (in thousands) for the years ending December 31, Year 3, Year 2, and Year 1.
For years ended December 31
Year 3 Year 2 Year 1
Cash and cash equivalents $40,480 $20,460 $13230
Net cash flows from operations 55200 39,600 32,400
Compute the ratio of cash to monthly cash expenses for Years 1 and 2. Round your answers to one decimal place.
Answers: 1
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Action Therapeutics, Inc., reported the following financial data (in thousands) for the years ending...
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