18.

Module 4 Problem Set Days' cash on hand Financial statement data for years ending December 31 for Newton Company follow: 20Y9 20Y8 Cash (end of year) $25,500 $24,250 Short-term investments (end of year) 8,270 9,460 Operating expenses 60,135 63,780 Depreciation expense 13,225 11,400 Determine the days' cash on hand for 20Y8 and 2019. Assume 365 days in a year. Round all calculations to one decimal place. Days' Cash on Hand 2048: days > 20Y9: days