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Business, 07.04.2020 21:27 aaronolivera200161

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.

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Financial statement data for years ending December 31 for Newton Company follow: 20Y9 20Y8 Cash (end...

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