Swenson Electric Company sells on terms of net 30. Given the following information on its receivables, construct

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Swenson Electric Company sells on terms of “net 30.” Given the following information on its receivables, construct an aging of accounts schedule as of September 1, showing the percentage of accounts that are current, 1 to 30 days past due, 31 to 60 days past due, 61 to 90 days past due, and over 90 days past due. (Assume 30 days in each month.)

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Contemporary Financial Management

ISBN: 978-1337090582

14th edition

Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao

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