Question: Days cash on hand Financial statement data for years ending December 31 for Newton Company follow: 20Y9 20Y8 Cash (end of year) $25,200 $23,850 Short-term
Days cash on hand Financial statement data for years ending December 31 for Newton Company follow: 20Y9 20Y8 Cash (end of year) $25,200 $23,850 Short-term investments (end of year) 7,820 9,800 Operating expenses 60,000 63,215 Depreciation expense 12,825 11,000 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet Determine the days cash on hand for 20Y8 and 20Y9. Assume a 365-day year. Round your answers to one decimal place.
Days Cash on Hand
20Y8: days
20Y9: days
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