Question: Days' cash on hand Financial statement data for years ending December 31 for Newton Company follow: 20Y8: Cash (end of year) Short-term investments (end of

Days' cash on hand Financial statement data for years ending December 31 for Newton Company follow: 20Y8: Cash (end of year) Short-term investments (end of year) Operating expenses Depreciation expense Determine the days' cash on hand for 20Y8 and 20Y9. Assume 365 days in a year. Days' 20Y9: Cash on Hand 10 20Y9 $25,404 8,260 59,795 13,075 days days 20Y8 $23,700 9,420 64,060 11,500

Days' cash on hand Financial statement data for years ending December 31 for Newton Company follow: Determine the days' cash on hand for 20Y8 and 20Y9. Assume 365 days in a year

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