Days' cash on hand Financial statement data for years ending December 31 for Newton Company follow: 20Y9 20Y8 Cash (end of year) $25,720 $24,945 Short-term investments (end of year) 8,200 9,420 Operating expenses 60,020 64,325 Depreciation expense
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Suppose that Freddie's Fries has annual sales of $650,000; cost of goods sold of $525,000; average inventories of $24,000; average accounts receivable of $40,000, and an average accounts payable balance of $35,000.
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