Given the information below for Quarter 1 20X1, compute the days in accounts receivable, aging schedule Sep, Aug, and July, average patient daily revenue and accounts receivables as a % of revenue for Sep, Aug and July. Givens (in '000) Quarter 1, 20X1Time SepAugJulQuarterDays outstanding 1-3031-6061-901-90Net accounts receivable $500$800$3,700$5,000Net patient revenue $1,000$5,000$9,000$15,000

Given : Time September August July Quarter Days outstanding 1-30 days 31 - 60 days 61 - 90…

Answered: Given the information below for Quarter…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Given the information below for Quarter 1 20X1, compute the days in accounts receivable, aging schedule Sep, Aug, and July, average patient daily revenue and accounts receivables as a % of revenue for Sep, Aug and July.

Givens (in '000)	Quarter 1, 20X1
Time	Sep	Aug	Jul	Quarter
Days outstanding	1-30	31-60	61-90	1-90
Net accounts receivable	$500	$800	$3,700	$5,000
Net patient revenue	$1,000	$5,000	$9,000	$15,000

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