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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

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.

please hurry and show work

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