Days’ cash on hand

Financial statement data for years ending December 31 for Newton Company follow:

20Y9 20Y8
Cash (end of year) $25,400 $24,100
Short-term investments (end of year) 7,670 9,770
Operating expenses 59,245 63,765
Depreciation expense 12,880 10,840
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: days
20Y9: days
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Days' Cash on Hand = (Cash and Short-Term Investments) ÷ [(Operating Expenses - Depreciation Expense) ÷ 365] to obtain the ratio.