Sacred Heart Hospital has the following receivables amounts, listed by age: a. Complete the aging schedule by
Question:
Sacred Heart Hospital has the following receivables amounts, listed by age:
a. Complete the aging schedule by filling in the percentage of total value column.
b. Interpret your results.
c. Using these data, estimate the hospital’s ACP (days in patient accounts receivable).
Transcribed Image Text:
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 $11,310,000
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Related Book For
Gapenskis Fundamentals Of Healthcare Finance
ISBN: 9781567939750
3rd Edition
Authors: Paula H. Song, Kristin L. Reiter
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