TSI Inc.has enough liquid assets to finance its operations for 67 days and cash, marketable securities, and receivables totaling $1,000.TSI's average daily expenditures from operations are:
A)$6.70
B)$8.23
C)$14.93
D)$22.28 67 days = 1000/average daily expenditures

Question

Quizplus · Accepted Answer

The average daily expenditures are calculated by dividing the total liquid assets ($1,000) by the number of days they can finance operations (67 days), which equals approximately $14.93 per day.

TSI IncHas Enough Liquid Assets to Finance Its Operations for 67