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Given the following balance sheet and income statement data for the year ended December 31, what is the days' cash on hand? Line Item Description
Given the following balance sheet and income statement data for the year ended December 31, what is the days' cash on hand?
| Line Item Description | Amount |
|---|---|
| Cash and short-term investments | $270,000 |
| Total operating expenses | 580,000 |
| Depreciation expense | 130,000 |
a.49 days
b.219 days
c.139 days
d.170 days
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Financial Accounting Tools For Business Decision-Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
2nd Canadian Edition
0470833378, 978-0470833377
