Selected financial statement data for two years ended December 31 for Carey Co. follow. Assets are reported at their year-end value. 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

Question

Selected financial statement data for two years ended December 31 for Carey Co. follow. Assets are reported at their year-end value.​  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

Quizplus · Accepted Answer

The Answer of Selected financial statement data for two years ended December 31 for Carey Co. follow. Assets are reported at their year-end value.​  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

Selected Financial Statement Data for Two Years Ended December 31