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Days' cash on hand Financial statement data for years ending December 31 for Newton Company follow: Cash (end of year) Short-term investments (end of year)
Days' cash on hand Financial statement data for years ending December 31 for Newton Company follow: Cash (end of year) Short-term investments (end of year) Operating expenses 20Y9 20Y8 $26,451 $24,956 8,250 9,460 60,435 63,960 13,350 11,400 Depreciation expense Determine the days' cash on hand for 20Y8 and 20Y9. Assume 365 days in a year. Days' Cash on Hand 20Y8: 20Y9: days days
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