ABC company began operations on January 1. Its credit sales for the first quarter of operations were as follows: Month Credit Sales January $200,000 February $150,000 March $100,000 Throughout the quarter, the firms credit customers payments pattern was as follows: 20% paid in the month of sale, 50% paid in the first month following the sale, and 30% paid in the second month following the sale.

Assuming a quarter is 90 days, use the information to compute the following: 1) Receivables balance at the end of the quarter. 2) ADS for Q1. 3) DSO for Q1