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Middleton Hospital has the following receivables amounts, listed by age: Age of Account (Days) Value...

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Accounting

Middleton Hospital has the following receivables amounts, listed by age:

Age of Account (Days) Value of Account Percentage of Total Value

0-30 $7,000,000

31-60 2,000,000

61-90 700,000

91-120 300,000

Using the table, estimate the hospital's ACP (Average Collection Period).

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