Selected Financial Statement Data for Two Years Ended December 31

question 25

Multiple Choice

Selected financial statement data for two years ended December 31 for Carey Co. follow. Assets are reported at their year-end value. $$\begin{array} { l r c } & \text { Year 2 } & \text { Year 1 } \\\text { Cash } & \$ 32,500 & \$ 30,100 \\\text { Short-term investments } & 9,400 & 10,200 \\\text { Operating expenses } & 72,800 & 70,400 \\\text { Depreciation expense } & 12,000 & 11,200\end{array}$$
What is the days' cash on hand for each year?

• A) Year 2: 251.5; Year 1: 248.5
• B) Year 2: 210.1; Year 1: 208.9
• C) Year 2: 258.1; Year 1: 265.1
• D) Year 2: 215.6; Year 1: 222.9

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