Question Content Area Selected financial statement data for two years ended December 31 for Carey Co. follow. Assets are reported at their year-end value. Year 2 Year 1 Cash $32,500 $30,100 Short-term investments 9,400 10,200 Operating expenses 72,800 70,400 Depreciation expense 12,000 11,200 Calculate the days’ cash on hand for the two years. Round your answers to one decimal place. Assume a 365-day year. Year 2 Year 1 Days’ cash on hand fill in the blank 1 fill in the blank 2
Question Content Area Selected financial statement data for two years ended December 31 for Carey Co. follow. Assets are reported at their year-end value. Year 2 Year 1 Cash $32,500 $30,100 Short-term investments 9,400 10,200 Operating expenses 72,800 70,400 Depreciation expense 12,000 11,200 Calculate the days’ cash on hand for the two years. Round your answers to one decimal place. Assume a 365-day year. Year 2 Year 1 Days’ cash on hand fill in the blank 1 fill in the blank 2
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Selected financial statement data for two years ended December 31 for Carey Co. follow. Assets are reported at their year-end value.
| Year 2 | Year 1 | ||||||
| Cash | $32,500 | $30,100 | |||||
| Short-term investments | 9,400 | 10,200 | |||||
| Operating expenses | 72,800 | 70,400 | |||||
| Depreciation expense | 12,000 | 11,200 |
Calculate the days’ cash on hand for the two years. Round your answers to one decimal place. Assume a 365-day year.
| Year 2 | Year 1 | ||||||
| Days’ cash on hand | fill in the blank 1 | fill in the blank 2 |
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