eBOOK Show Me How Once 305 Days' cash on hand Financial statement data for years...
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eBOOK Show Me How Once 305 Days' cash on hand Financial statement data for years ending December 31 for Newton Company follow: 2049 2018 Cash (end of year) $26,200 $23,950 Short-term investments (end of year) 7,250 10,370 Operating expenses 60,560 63,960 Depreciation expense 13,585 11,170 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. Open spreadsheet Determine the days' cash on hand for 2048 and 2049. Assume a 365-day year. Round your answers to one decimal place. Days' Cash on Hand 2048: 172 x days 2019: 204 X days Feedback Check My Work Days' Cash on Hand = (Cash and Short-Term Investments) = [(Operating Expenses - Depreciation Expense) = 365] to obtain the ratio
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