Financial statement data for years ending December 31 for Newton Company follow:
Cash (end of year) 20Y9: $25,500; 20Y8: $24,250
Homework Answers
Answer : Days' cash on hand 20Y8 : 234.9 days
Days' cash on hand 20Y9 : 262.8days
Note: Average days is given in the question 365 days.
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Financial statement data for years ending December 31 for Newton Company follow:
Financial statement data for years ending December 31 for Newton Company follow: 20Y9 20Y8 Cash...
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Financial statement data for years ending December 31 for Newton Company follow: 20Y9 20Y8 Cash (end...
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