the cash account in the general ledger of henry corporation shows a balnce of $93,460 at december 31st 2021. In addition, henry corporation owns the following assets at december 31st 2021.

1. moner market accounts totaling $75,000

2. $3,000 of high grade 90 day commercial paper

3. highly liquid stock investments valued at 86,000 at december 31st 2021

4. henry corporation uses the income statement approach to compute its uncollectable accounts expense. the gerneral ledger had reported accounts receivable of $2,150,000 at January 1st 2021. At that time the allowance for doubtful accounts had a credit balance of 40,000 throughout the year the company collected 21,350,000 on account from credit customers. Credit sales for the year ended Decemebr 31st 2021 totaled 20 million dollars. Of these credit sales, 1.3% are estimared to eventually become uncollectable

required

A compute cash and cash equivalence to be reported in henry's corporations balacne sheet dated december 31st 2021

B determine the net realisable value of henry corporations account receivable at decemeber 31st 2021

C determien the toal dollar amount of financial assets to be reported in henrys corporations balance sheet dated december 31st 2021

D assume that is is normal for firms similar to henrys corporations to take an average of 45 days to collect an outstanding receivable

Is Henry's corporation collection performance above or below this average?