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Sacred Heart Hospital has the following receivables amounts, listed by age: Age of Account (Days) Value of Account Percentage of Total Value 0-30 $ 5,450,000
Sacred Heart Hospital has the following receivables amounts, listed by age:
Age of Account (Days) Value of Account Percentage of Total Value
0-30 $ 5,450,000 ?
31-60 3,666,000 ?
61-90 1,278,000 ?
91-120 867,000 ?
Over 120 49,000 ?
a) Complete the aging schedule by filling in the percentage of total value column.
b) Interpret your results.
c) Using this data, estimate the hospital's ACP (days in patient accounts receivable)
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