Solved: How to compute days cash on hand, Accounting Basics

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How to compute days cash on hand

Response to the following problem:

Current assets Cash $163181 Marketable Securities $200000 Total operating expenses $10350000 (Interest expense $500000) (Depreciation exp $383493) A for profit healthcare provider is conducting a ratio analysis of sections of its financial statemetns.

Portions of the financial statements include the following.

What is the days cash on hang?

Instructions

How to compute days cash on hand.

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Accounting Basics: How to compute days cash on hand

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Accounting Basics: How to compute days cash on hand

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