Days' cash on hand Financial statement data for years ending December 31 for Newton Company follow: 20Y9 $25,500 8,270 60,135 63,780 13,225 11,400 Cash (end of year) Short-term investments (end of year) Operating expenses Depreciation expense Determine the days' cash on hand for 2018 and 2019. Assume 365 days in a year. Round all calculations to one decimal place. Days' Cash on Hand 226 X days 226 X days 2018: 20Y9: 2018 $24,250 9,460 Feedback Check My Work Days' Cash on Hand = (Cash and Short-Term Investments)-((Operating Expenses - Depreciation Expense)+ 365 days] to obtain the ratio.
Days' cash on hand Financial statement data for years ending December 31 for Newton Company follow: 20Y9 $25,500 8,270 60,135 63,780 13,225 11,400 Cash (end of year) Short-term investments (end of year) Operating expenses Depreciation expense Determine the days' cash on hand for 2018 and 2019. Assume 365 days in a year. Round all calculations to one decimal place. Days' Cash on Hand 226 X days 226 X days 2018: 20Y9: 2018 $24,250 9,460 Feedback Check My Work Days' Cash on Hand = (Cash and Short-Term Investments)-((Operating Expenses - Depreciation Expense)+ 365 days] to obtain the ratio.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Days' cash on hand
Financial statement data for years ending December 31 for Newton Company follow:
20Y9
$25,500
8,270
60,135
20Y8
Cash (end of year)
$24,250
Short-term investments (end of year)
9,460
Operating expenses
63,780
Depreciation expense
13,225 11,400
Determine the days' cash on hand for 2018 and 2019. Assume 365 days in a year. Round all calculations to one decimal place.
Days' Cash on Hand
226 X days
226 X days
20Y8:
20Y9:
Show Me How
Feedback
Check My Work
Days' Cash on Hand = (Cash and Short-Term Investments) ((Operating Expenses-Depreciation Expense) + 365 days] to obtain the ratio.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9fe5072a-3761-42d4-a9eb-73b5c07b62bb%2F3e4f9c28-3d9e-40a6-8a52-31ada2388517%2Fn1lfsp_processed.png&w=3840&q=75)
Transcribed Image Text:eBook
Days' cash on hand
Financial statement data for years ending December 31 for Newton Company follow:
20Y9
$25,500
8,270
60,135
20Y8
Cash (end of year)
$24,250
Short-term investments (end of year)
9,460
Operating expenses
63,780
Depreciation expense
13,225 11,400
Determine the days' cash on hand for 2018 and 2019. Assume 365 days in a year. Round all calculations to one decimal place.
Days' Cash on Hand
226 X days
226 X days
20Y8:
20Y9:
Show Me How
Feedback
Check My Work
Days' Cash on Hand = (Cash and Short-Term Investments) ((Operating Expenses-Depreciation Expense) + 365 days] to obtain the ratio.
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