Murphy's Repair has the following outstanding account receivables at the end the month. Calculate the number of days late for each outstanding invoice
Invoice # Bill Date Customer Due Date Age of A/R Current Date
6872 6/15/2008 RLO 7/15/2008 9/30/2008
7100 6/25/2008 JBL 7/25/2008 9/30/2008
7469 7/12/2008 DLL 8/12/2008 9/30/2008
A) 71 days, 61 days, and 16 days
B) 76 days, 66 days, and 48 days
C) 75 days, 65 days, and 48 days
D) 77 days, 67 days, and 49 days
Answer: D
Explanation: D) Current date - due date
Business
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