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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. Round all calculations to one decimal place.
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Food And Beverage Cost Control
Authors: Lea R. Dopson, David K. Hayes, Jack E. Miller
4th Edition
0471694177, 978-0471694175
