question 35Gamma Company and Delta Company havecompiled the following data as of the end of the currentfiscal 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 andfor Delta Company. Round your answer to one decimalplace.2. Which company has the better liquidityposition based on your calculation?

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Answered: question 35Gamma Company and Delta…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 19P

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