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Determine the days cash on hand

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Reference no: EM132982908

Question - Days' cash on hand 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

Required - Determine the days' cash on hand for 20Y8 and 20Y9. Assume 365 days in a year. Round all calculations to one decimal place.

Reference no: EM132982908

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