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Find out the average age of accounts receivable and the average age of accounts payable....

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Accounting

Find out the average age of accounts receivable and the average age of accounts payable.
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Given the following Balance Sheets and the Income Statement for Leo Construction, find out (a) The Average Age of Accounts Receivable (b) The Average Age of Accounts Payable Leo Construction For Quarters Ending 3/28/2016, 6302016, 9/30/2016, and 12/31/2016 Income Statement For Year Ending December 31, 2016 Operation revenue Account receivables Costs & reoog"'d earnings in Inventories Subcontract (1.452.352) Total direct cost Gross profit Net income from operation Other income Net income before taxes Property, plant, and eqaipment (36,128) 12,26 (147,623) (182,990) Total assets Notes payable and otes of credit Ballings in excess of costs & Total liabilities and net worth

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