Assuming that the monthly sales forecasts given previously are accurate, and that customers pay exactly as was predicted, what would the receivables level be at the end of each month? To reduce calculations, assume that 30 percent of the firm's customers pay in the month of sale, 50 percent pay in the month following the sale, and the remaining 20 percent pay in the second month following the sale. Note that this is a different assumption than was made earlier. Use the following format to answer parts c and d:

E.O.M. Quarterly DSO = Sales ADS (A/R)((ADS) Month Sales A/R $ 70 $100 Jan Feb 200 160 $600 $6.59 37.9 Mar 300 250 Apr 300 May 200 Jun 100