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question 1 grady home health has 750 000 in net patient accounts receivable 275 000 4280300

Question

1.Grady Home Health has $750,000 in Net Patient Accounts Receivable; $275,000 in Other Operating Revenue: Total Operating Expenses of $2,565,000; and $3,750,000 in Net Patient Revenue. Determine the Days in Patient Accounts Receivable (Net AR Days) for this organization.

2. Fairview Clinic buys $500,000 in medical supplies each year (at gross prices) from its major supplier, Consolidated Supplies, which offers the clinic terms of 5/10, net 30. What is Fairview Clinics's costly trade credit?

 

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