Question: Financial statement data for years ending December 31 for Newton Company follow: 20Y9 20Y8 Cash (end of year) $25,300 $24,102 Short-term investments (end of year)

Financial statement data for years ending December 31 for Newton Company follow: 20Y9 20Y8 Cash (end of year) $25,300 $24,102 Short-term investments (end of year) 8,200 9,450 Operating expenses 58,650 63,660 Depreciation expense 13,025 11,100 Determine the days cash on hand for 20Y8 and 20Y9. Assume 365 days in a year. Days Cash on Hand 20Y8: days 20Y9: days

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