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The Rapid Roller Co. offers terms of 3/15 net 45. The aging schedule for their customers is as follows: Aging Schedule Age of Account of
The Rapid Roller Co. offers terms of 3/15 net 45. The aging schedule for their customers is as follows:
Aging Schedule | |
Age of Account of Accounts Receivable | Percentage of Total Value |
0-15 days | 20 |
15-30 days | 20 |
30-45 days | 50 |
45-60 days | 5 |
Past 60 days | 5 |
100 |
Total credit sales are $2,500,000. How does the aging schedule provide more information to Rapid Roller's management on credit behavior?
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