Question
While reviewing the data in the ARTable you notice that the company's aging categories are not the industry standard.Therefore, you need to add a column
While reviewing the data in the ARTable you notice that the company's aging categories are not the industry standard.Therefore, you need to add a column to the table to calculate the industry standard aging categories.This will allow you to evaluate the receivables against other companies in the same industry.
The industry standard aging categories are
Not due (< 0 days outstanding)
Current (0 to 30 days outstanding)
31 to 60 days
61 to 90 days
91 to 180 days
Greater than 180 days
Use the column called days OS to determine each aging category
Name the new column Typical Aging
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