answer this question 29

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1.Below is an aging report. Based on your interpretation, would you say this company has collection problems or not? And why would you say that?

Age of Account Percent of total accounts receivable

0 to 30 days 40%

31 to 60 days 30%

61 to 90 days 15%

91 to 120 days 10%

Over 121 days 5%

TOTAL 100%