Question: 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)

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

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

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