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Financial statement data for years ending December 31 for Newton Company follow: 20Y9 20Y8 $24,605 $24,717 8,270 9,460 58,950 63,795 13,325 11,600 Cash (end
Financial statement data for years ending December 31 for Newton Company follow: 20Y9 20Y8 $24,605 $24,717 8,270 9,460 58,950 63,795 13,325 11,600 Cash (end of year) Short-term investments (end of year) Operating expenses 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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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
15th edition
77861612, 1259194078, 978-0077861612, 978-1259194078
