Question
Huntington Corporation has the following accounts receivable aging: 0-30 days, $8,125,000; 31-60 days, $893,000; 61-90 days, $361,000; 91-120 days, $179,000; Total Accounts Receivable, $9,558,000. The
Huntington Corporation has the following accounts receivable aging: 0-30 days, $8,125,000; 31-60 days, $893,000; 61-90 days, $361,000; 91-120 days, $179,000; Total Accounts Receivable, $9,558,000. The company sells on terms that require payment within 30 days. What percentage of total accounts receivable is current?
- A. 4,0%
- B. 15.0%
- C. 34.3%
- D. 85.0%
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
17th Edition
126001391X, 978-1260013917
