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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.
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