Cheddar Corporation's working capital team is analyzing its aging schedule. Cheddar finds the following: Age Amount Percentage

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Cheddar Corporation's working capital team is analyzing its aging schedule. Cheddar finds the following:

Age Amount Percentage

0-30 Days $12,000 50.00%

30-60 Days $8,000 33.33%

60-90 Days $4,000 16.67%

Over 90 Days $0 0%

Using Cheddar's aging schedule and the simplified method of computing the average age of accounts receivable, what is Cheddar's average age in days of accounts receivable?

Related Book For answer-question

Federal Taxation 2017 Comprehensive

ISBN: 9780134421438

30th Edition

Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson

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Posted Date: Jun 16, 2023 06:57 AM

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Cheddar Corporation's working capital team is analyzing its aging schedule. Cheddar finds the following: Age Amount Percentage

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Federal Taxation 2017 Comprehensive

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