Gamma 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?
Definitions:
Thyrotoxicosis
A condition characterized by the excessive circulation of thyroid hormones, leading to an overactive metabolic state.
Diffuse Goiter
Diffuse goiter is a condition characterized by a uniform enlargement of the thyroid gland, often caused by iodine deficiency or autoimmune diseases.
21-Hydroxylase Deficiency
A genetic disorder affecting cortisol and aldosterone synthesis, leading to adrenal hyperplasia.
Kallmann's Syndrome
A genetic condition characterized by the failure to start or fully complete puberty, coupled with an impaired sense of smell.
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