Question: Days' cash on hand Financial statement data for years ending December 31 for Newton Company follow: Line Item Description 20Y9 20Y8 Cash (end of year)

Days' cash on hand

Financial statement data for years ending December 31 for Newton Company follow:

Line Item Description 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 20Y9. Assume 365 days in a year. Round all calculations to one decimal place.

Year Days' Cash on Hand
20Y8: fill in the blank 1 of 2 days
20Y9: fill in the blank 2 of 2 days

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