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Calculate days cash on hand for Gamma Company

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Reference no: EM132557882

Question - Gamma Company and Delta Company have compiled the following data as of the end of the current fiscal year

 

Gamma

Delta

Cash

$65,700

$302,300

Temporary investments

27,700

125,000

Accounts receivable

2,500

87,000

Inventory

52,400

127,500

Accounts payable

4,500

265,000

Operating expenses

153,000

625,000

Depreciation (one of the operating expenses) for Gamma was $35,000, and for Delta was $65,000.

Required - Calculate days' cash on hand for Gamma Company and for Delta Company.

Reference no: EM132557882

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