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20Y8: 234.5 days 20Y9: 262.2 days are wrong answers Days' cash on hand Financial statement data for years ending December 31 for Newton Company follow:
20Y8: 234.5 days 20Y9: 262.2 days are wrong answers
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. Round all calculations to one decimal place. Feedback Check My Work Days' Cash on Hand =( Cash and Short-Term Investments )[( Operating Expenses - Depreciation Expense )365 days ] to obtain the ratioStep by Step Solution
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