Question: Your hospital has billed charges of $4,000,000 in February. If your collection experience indicates that 20 percent is paid in the month billed, 40 percent

Your hospital has billed charges of $4,000,000 in February. If your collection experience indicates that 20 percent is paid in the month billed, 40 percent in the second month, 20 percent in the third month, and 5 percent in the fourth month, determine the following values:

Net patient revenue for February
Collections of February charges in February
Net accounts receivable at the end of March for February billings
Please provide the answer in excel with the formulas.

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