Question: please help and post work for each part id ne ns 75 Sacred Heart Hospital has the following receivables amounts, listed by age: Value of
id ne ns 75 Sacred Heart Hospital has the following receivables amounts, listed by age: Value of Account Percentage of Total Value $ 5,450,000 3,666,000 1,278,000 867,000 49,000 $11,310,000 Age of Account (Days) 0-30 31-60 61-90 91-120 Over 120 5 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 receiv. able). (Hint: Assume that the average age in the first category is 15 days (the midpoint of the range), the average age in the second category is 45 days, and so on. Ignore the receivables older than 120 days.) financial data and opera
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
