A partial aging of accounts receivable for Cullumber Cleaning Services is given in the accompanying table....

Transcribed Image Text:

A partial aging of accounts receivable for Cullumber Cleaning Services is given in the accompanying table. Fill in the missing parts of the following aging schedule for Cullumber Cleaning Services. (Round value of account answers to the nearest whole dollar, e.g. 5,275 and % of total account answers to 1 decimal place, e.g. 12.1%.) Age of Accounts (days) Value of Account % of Total Account 10 $293,940 % 30 $175,260 % 45 % 60 $69,000 % 75 $42,780 % Total $690,000 100.0% Determine the firm's effective days' sales outstanding. (Round intermediate calculations to 3 decimal places, e.g. 5.275 and answer to 1 decimal place, e.g. 12.2.) Cullumber's effective days' sales outstanding is days. A Q A partial aging of accounts receivable for Cullumber Cleaning Services is given in the accompanying table. Fill in the missing parts of the following aging schedule for Cullumber Cleaning Services. (Round value of account answers to the nearest whole dollar, e.g. 5,275 and % of total account answers to 1 decimal place, e.g. 12.1%.) Age of Accounts (days) Value of Account % of Total Account 10 $293,940 % 30 $175,260 % 45 % 60 $69,000 % 75 $42,780 % Total $690,000 100.0% Determine the firm's effective days' sales outstanding. (Round intermediate calculations to 3 decimal places, e.g. 5.275 and answer to 1 decimal place, e.g. 12.2.) Cullumber's effective days' sales outstanding is days. A Q

Answer rating: 100% (QA)

To determine the firms effective days sales outstanding DSO we need to calculate the weighted averag... View the full answer