Question

Age of accounts 2017 2016 %

current 61,800 72,930 2%
1-30 days past due 13,900 7,310 5%
31-90 days past due 10,700 2,590 29%
over 90 days past due 6,800 1,210 45%
93,200 84,040

Answer 1

The provided data represents the aging of accounts for the years 2017 and 2016:

The Aging of Accounts

2017:

Current accounts: $61,800 (2% decrease from 2016)

Accounts 1-30 days past due: $13,900 (5% increase from 2016)

Accounts 31-90 days past due: $10,700 (29% increase from 2016)

Accounts over 90 days past due: $6,800 (45% increase from 2016)

Total accounts for 2017: $93,200

2016:

Current accounts: $72,930

Accounts 1-30 days past due: $7,310

Accounts 31-90 days past due: $2,590

Accounts over 90 days past due: $1,210

Total accounts for 2016: $84,040