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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Introduction To Government And Not For Profit Accounting
Authors: Martin Ives, Laurence Johnson, Joseph R. Razek, Gordon A. Hosch
6th Edition
0132366355, 978-0132366359
