A small hotel provided you with the following information for a threemonth period showing, at each month-end, the length of time its accounts receivable were outstanding at that time:

During this period, the sales revenue was approximately the same for each of the three months. Carry out any further calculations necessary so that you can then comment about or discuss the results.LO1

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January February March 0-30 days $21,100 $21,500 $22,100 31-60 days 4,900 7,500 8,500 61-90 days 1,000 900 1,400 over 90 days 500 400 600