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Kingbird had the following transactions during March, 2025. 1. Kingbird performed $14,800 of services for A1 Enterprises, terms 2/10,n30. 2. A1 Enterprises also signed a
Kingbird had the following transactions during March, 2025. 1. Kingbird performed $14,800 of services for A1 Enterprises, terms 2/10,n30. 2. A1 Enterprises also signed a contract for $5,500 of future services on the last day of the month. 3. Kingbird lent $1,020 to its company president, who promised to repay the loan on the 15th day of the next month. 4. Kingbird performed services for Ace Traders on 3/31. Ace Traders gave a $2,300 promissory note to Kingbird, agreeing to pay in 3 months. 5. Other current assets totaled $60,000. Kingbird received no cash arising from the above transactions during March. Based only on the above transactions, and ignoring beginning balances, compute the accounts receivable as a percentage of the total current assets as of month-end. (Round answer to 0 decimal places, e.g. 25\%.) Accounts Receivable %
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