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Number of days past due Toot Auto Supply distributes new and used automobile parts to local dealers throughout the Midwest. Toot's credit terms are n/30.
Number of days past due Toot Auto Supply distributes new and used automobile parts to local dealers throughout the Midwest. Toot's credit terms are n/30. As of the end of business on October 31, the following accounts receivable were past due: Account Due Date Amount Avalanche Auto August 24 $12,000 Bales Auto October 6 2,400 Derby Auto Repair June 17 3,900 Lucky's Auto Repair September 8 6,600 Pit Stop Auto September 21 1,100 Reliable Auto Repair July 3 9,750 Trident Auto August 23 1,800 Valley Repair & Tow May 24 4,000 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below
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