Aging schedule: A partial aging of accounts receivable for Lincoln Cleaning Services is given in the accompanying table. What percent of receivables is in the 45-day range? Determine the firm’s effective days’ sales outstanding. How does it compare with the industry average of 35 days?

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60 Age of Account (days) 10 30 2848 Value of Account % of Total Value $271,000 $145,220 45 $53,980 75 $31,245 Total $589,218 100.0%