Days' cash on hand Financial statement data for years ending December 31 for Newton Company...
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Accounting
Days' cash on hand Financial statement data for years ending December 31 for Newton Company follow: 2079 2018 Cash (end of year) $25,258 $24,148 Short-term investments (end of year) 8,270 9,410 Operating expenses 59,730 62,465 Depreciation expense 13,375 11,000 Determine the days' cash on hand for 2048 and 2049. Assume 365 days in a year. Days' Cash on Hand 2048: days 2049: days
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