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Question 3 Use the following information on Johnson Mfg to compute the cash collections in Q2 and Ending A Q2. ANSWER TO TWO DECIMAL

Question 3 Use the following information on Johnson Mfg to compute the cash collections in Q2 and Ending A Q2. ANSWER TO TWO DECIMAL PLACES. Q1 Q2 Q3 Q4 Beginning Accts Receivable [$ 200 000s] Sales [$ 000s] 700 500 600 900 Cash Collections Ending Accts Receivables Cash collection period is 60 days; each quarter is assumed to have 90 days.

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