Answered: Calculate the percentage of AR over 90…

Calculate the percentage of AR over 90 days: Total accounts receivable over 90 days: $18,105.50 A/R : $67,901 Allowance: ($4,521) 25% 33% 65% 85%

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 14MC: Ancient Grains Unlimited has an accounts receivable turnover ratio of 3.34 times. The net credit...

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Question

Calculate the percentage of AR over 90 days:

Total accounts receivable over 90 days: $18,105.50
A/R : $67,901
Allowance: ($4,521)

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