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complete problem# 11 Intermediate Problems 11. Route Canal Shipping...

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Finance

complete problem# 11
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Intermediate Problems 11. Route Canal Shipping Company has the following schedule for aging of accounts receivable: a. Fill in column (4) for each month Working Capital Management Part 3 Assume What w cost be Age of Receivables April 30, 20X1 (3) (4) (2) (1) Percent of Wisconsi 16. Amount Due Amounts Age of Account Month of Sales Cost effi $131,250 0-30 April decline Snowm 93,750 31-60 March 112,500 61-90 February January De 37,500 91-120 a. S $375,000 100% Total receivables b. b. If the firm had $1,500,000 in credit sales over the four-month period pute the average collection period. Average daily sales should be based on 120-day period. Com 17. John a prev If the firm likes to see its bills collected in 35 days, should it be satisfied with the average collection period? d. Disregarding your answer to part c and considering the aging schedule accounts receivable, should the company be satisfied? What additional information does the aging schedule bring to the company that the average collection period may not show? c. ext 5 p 2 e

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