Question: Given the following balance sheet and income statement data for the year ended December 31, what are the daily cash expenses for the year (rounded

Given the following balance sheet and income statement data for the year ended December 31, what are the daily cash expenses for the year (rounded to the nearest dollar)? Cash $300,000 Short-term investments 400,000 Accounts receivable 900,000 Total operating expenses 640,000 Depreciation expense 160,000 a. $1,315 b. $1,753 c. $438 d. $2,192

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