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Following is the aging schedule for QRM Corporation: Account Age Amount Outstanding Average Days 0-30 days $100,000 22 31-60 days 70,000 40 Over 60 days
Following is the aging schedule for QRM Corporation:
Account Age | Amount Outstanding | Average Days |
0-30 days | $100,000 | 22 |
31-60 days | 70,000 | 40 |
Over 60 days | 30,000 | ? |
If its DSO is 37 days, on average, on what days does QRM collect from customers who take longer than 60 days to pay for their purchases?
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