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A partial aging of accounts receivable for Blossom Cleaning Services is given in the accompanying table. Fill in the missing parts of the following aging
A partial aging of accounts receivable for Blossom Cleaning Services is given in the accompanying table. Fill in the missing parts of the following aging schedule for Blossom Cleaning Services. (Round value of account answers to the nearest whole dollar, e.g. 5,275 and % of total account answers to 1 decimal place, e.g. 12.1%.)
Age of Accounts (in days) | Value of Account | % of Total Account | ||
10 | $203,000 | % | ||
30 | $108,000 | % | ||
45 | $ | % | ||
60 | $40,000 | % | ||
75 | $23,000 | % | ||
Total | $440,000 | 100.0% |
Determine the firms effective days sales outstanding. (Round answer to 1 decimal place, e.g. 12.2.)
Blossom's effective days' sales outstanding is _____ days. |
How does it compare with the industry average of 31 days?
The firm is (more/less) efficient than other firms in the industry. |
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