Question
Firm XX has the following accounts receivable: Receivable Amount due Days outstanding A $11,000 10 B 13,456 35 C 23,110 42 D 13,222 62 E
Firm XX has the following accounts receivable:
| Receivable | Amount due | Days outstanding |
| A | $11,000 | 10 |
| B | 13,456 | 35 |
| C | 23,110 | 42 |
| D | 13,222 | 62 |
| E | 9,776 | 31 |
The firm sells on credit and requires payment on the thirtieth day. What proportion of its sales are overdue and what proportion are more than ten days overdue?
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The Value Investor's Handbook
Authors: Andrew P.C.
1st Edition
1098810449, 978-1098810443
