Question: 112. I am need help solving this problem for my corporate finance homework and was hoping someone could help me with it and provide work
The Mighty Power Tool Company has the following accounts on its books: (Click on the following icon [ in order to copy its contents into a spreadsheet.) The firm extends credit on terms of 1/15, net 30. Develop an aging schedule using 15-day increments through 60 days, and then indicate any accounts that have been outstanding for more than 60 days Fill in the following Mighty Power Tool Company Aging Schedule: (Round dollar amounts to the nearest dollar and percentages to one decimal place) A total of: is outstanding for more than 60 days and represents % of Mighty Power Toor Company's accounts receivablel. KRound doilar amounts to the nearest dollar and percentages to one decimal place.)
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