FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Days' cash on hand
Financial statement data for years ending December 31 for Newton Company follow:
20Y9
20Y8
$25,667
$24,780
8,260
9,440
60,135
64,225
13,050 11,300
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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Transcribed Image Text:Days' cash on hand Financial statement data for years ending December 31 for Newton Company follow: 20Y9 20Y8 $25,667 $24,780 8,260 9,440 60,135 64,225 13,050 11,300 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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