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Days' cash on hand Financial statement data for years ending December 31 for Newton Company follow: 20Y9 $25,850 8,240 60,810 12,135 20Y8 Cash (end of year) $23,550 9,230 Short-term investments (end of year) Operating expenses 63,575 Depreciation expense 11,510 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions belo X Open spreadsheet

Days' cash on hand Financial statement data for years ending December 31 for Newton Company follow: 20Y9 $25,850 8,240 60,810 12,135 20Y8 Cash (end of year) $23,550 9,230 Short-term investments (end of year) Operating expenses 63,575 Depreciation expense 11,510 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions belo X Open spreadsheet

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
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 $25,850 8,240 60,810 12,135 20Y8 Cash (end of year) $23,550 Short-term investments (end of year) 9,230 Operating expenses 63,575 Depreciation expense 11,510 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. X Open spreadsheet Determine the days' cash on hand for 20Y8 and 20Y9. Assume a 365-day year. Round your answers to one decimal place. Days' Cash on Hand 20Y8: 20Y9: days days
Transcribed Image Text:Days' cash on hand Financial statement data for years ending December 31 for Newton Company follow: 20Y9 $25,850 8,240 60,810 12,135 20Y8 Cash (end of year) $23,550 Short-term investments (end of year) 9,230 Operating expenses 63,575 Depreciation expense 11,510 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. X Open spreadsheet Determine the days' cash on hand for 20Y8 and 20Y9. Assume a 365-day year. Round your answers to one decimal place. Days' Cash on Hand 20Y8: 20Y9: days days
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