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could someone explain this plz Question 7 (1 point) Johnny Goodman Inc (JGI) is a large public company that operates in the brewing industry. Selected
could someone explain this plz
Question 7 (1 point) Johnny Goodman Inc (JGI) is a large public company that operates in the brewing industry. Selected presented below. Current Assets : $24,500 Current Liabilities: $2,800 JGI currently uses the AR (Accounts receivable) aging method to value their AFDA (allowance for doubtful accounts). The controller tells you that if he had used the percentage of Sales method, the AFDA balance would have been $25 higher. Therefore, if JDI used the percentage of Sales method to value the AFDA instead of the AR Aging method, what would be the amount of the working capital? For your answer, make sure to put the number without dollar signs ($), commas (,), periods (.), and decimal points. Again, please state the number only without dollar signs, commas, periods, and decimal points for your answer. For example, if the answer happens to be 12345, then you must simply put 12345Step by Step Solution
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