question 35Gamma Company and Delta Company have compiled the following data as of the end of the current fiscal year: Depreciation (one of the operating expenses) for Gamma was $35,000, and for Delta was $65,000.1. Calculate days' cash on hand for Gamma Company and for Delta Company. Round your answer to one decimal place.2. Which company has the better liquidity position based on your calculation?
question 35Gamma Company and Delta Company have compiled the following data as of the end of the current fiscal year: Depreciation (one of the operating expenses) for Gamma was $35,000, and for Delta was $65,000.1. Calculate days' cash on hand for Gamma Company and for Delta Company. Round your answer to one decimal place.2. Which company has the better liquidity position based on your calculation?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![question 35Gamma Company and Delta Company have
compiled the following data as of the end of the current
fiscal year: Depreciation (one of the operating expenses)
for Gamma was $35,000, and for Delta was $65,000.1.
Calculate days' cash on hand for Gamma Company and
for Delta Company. Round your answer to one decimal
place.2. Which company has the better liquidity
position based on your calculation?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbaf6cc97-e74a-451a-9bf9-20ad38b6be03%2F9e21964c-3f4d-4bd5-ae0c-581c8b06473d%2Fiaqqqw_processed.png&w=3840&q=75)
Transcribed Image Text:question 35Gamma Company and Delta Company have
compiled the following data as of the end of the current
fiscal year: Depreciation (one of the operating expenses)
for Gamma was $35,000, and for Delta was $65,000.1.
Calculate days' cash on hand for Gamma Company and
for Delta Company. Round your answer to one decimal
place.2. Which company has the better liquidity
position based on your calculation?
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