9. The Abaco Company, a small charter airline began operations on January 1. It mostly provides package delivery to islands in the Bahamas. Its credit sales for the first 6 months operations were as follows: Credit Sales for Month Month January February 0000 $275,000 $325,000 March May June Throughout this entire period, the firm's credit customers maintained a constant pattern: paid in the month of sales, 40 % paid in the first month following the sale, and 35 % paid in t second month following the sale. What was Abaco's receivables balance at the end of March and the end of June? SH WORK (5 points) Assume 90 days per calendar quarter. What were the cumulative average daily sale (ADS) and days sales outstanding (DSO) for the first half-year? SHOW WORK (5 poim b. 9. The Abaco Company, a small charter airline began operations on January 1. It mostly provides package delivery to islands in the Bahamas. Its credit sales for the first 6 months of operations were as follows: Credit Sales Month for Month $150,000 January $250,000 $275,000 February March $325,000 $420,000 $525,000 April May June Throughout this entire period, the firm's credit customers maintained a constant pattern: 25 % paid in the month of sales, 40% paid in the first month following the sale, and 35 % paid in the second month following the sale. What was Abaco's receivables balance at the end of March and the end of June? SHOW . WORK (5 points) b. Assume 90 days per calendar quarter. What were the cumulative average daily sales (ADS) and days sales outstanding (DSO) for the first half-year? SHOW WORK (5 points)