Robinson Products Co., a major consumer goods company, sells more than 3,000 products in 135 countries. Its report to the Securities and Exchange Commission in 2014 presented the following data:

1. Compute the ratio of uncollectible accounts expense to net sales and to accounts receivable and the ratio of allowance for uncollectible accounts to accounts receivable for 2012, 2013, and 2014. (Round to two decimal places for net sales and one decimal place for accounts receivable.)
2. Compute the receivables turnover and days’ sales uncollected for each year assuming that net accounts receivable in 2011 were $930,000. (Round to one decimal place or to the nearest whole day.)
3. What is your interpretation of the ratios? Describe management’s attitude toward the collectability of accounts receivable over the three-yearperiod.

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2014 2013 2012 Net sales Accounts receivable Allowance for uncollectible accounts Uncollectible accounts expense Uncollectible accounts written off Recoveries of accounts previously written off $9,820,000 $9,730,000 $9,888,000 1,008,000 49,000 31,600 35,400 2,000 1,046,000 37,200 30,000 38,600 3,400 1,048,000 42,400 33,400 40,200 200