Days' cash on handFinancial statement data for years ending December 31 for NewtonCompany follow:   20Y9 20Y8 Cash (end of year)Short-term investments (end of year)Operating expensesDepreciation expense $25,5008,27060,13513,225 $24,2509.46063,78011,400 Determine the days' cash on hand for 20Y8 and 2019. Round allcalculations to one decimal place.

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter21: The Statement Of Cash Flows
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Days' cash on hand
Financial statement data for years ending December 31 for Newton
Company follow:

  20Y9 20Y8
Cash (end of year)
Short-term investments (end of year)
Operating expenses
Depreciation expense
$25,500
8,270
60,135
13,225
$24,250
9.460
63,780
11,400

Determine the days' cash on hand for 20Y8 and 2019. Round all
calculations to one decimal place.

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