Assignment
TearLab Corp. is a health care company that specializes in developing diagnostic devices for eye disease. TearLab reported the following data (in thousands) for three recent years
For years ended Dec 31
year 3 year 2 year 1
Cash and Cash equivalents $13,838 $16,338 $37,778
Net cash flows from operations (23,703) (18,172) (13,234)
1. Determine the monthly cash expenses for Year 3, Year 2, and Year 1. Round to one decimal place.
2. Determine the ratio of cash to monthly cash expenses as of December 31 for Year 3, Year 2, and Year 1. Round to one decimal place.
3. Based on (1) and (2), comment on TearLab's ratio of cash to monthly operating expenses for Year 3, Year 2, and Year 1.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.