Following is the current asset section from Intuit's balance sheet

Total revenues were \(\$ 3,071\) million ( \(\$ 1,497\) million in product sales and \(\$ 1,574\) million in service revenues and other) in 2008.
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a. What are Intuit's gross accounts receivable at the end of 2008 and 2007?

b. For both 2008 and 2007 , compute the ratio of the allowance for uncollectible accounts to gross receivables. What trend do you observe?

c. Compute the receivables turnover ratio and the average collection period for 2008 based on gross receivables computed in part \(a\). Does the collection period (days sales in receivables) appear reasonable given Intuit's lines of business (Intuit's products include QuickBooks, TurboTax and Quicken, which it sells to consumers and small businesses)? Explain.

d. Is the percentage of Intuit's allowance for uncollectible accounts to gross accounts receivable consistent with what you expect for Intuit's line of business? Explain.

e. Intuit discloses the following table related to its allowance for uncollectible accounts from its \(10-\mathrm{K}\). Comment on the change in the allowance account during 2006 through 2008

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July 31 ($ 000s) Cash and cash equivalents 2008 $ 413,340 2007 $ 255,201 Investments. Accounts receivable, net of allowance for doubtful accounts of $15,636 and $15,248, respectively.... 414,493 1,048,470 127,230 131,691 Income taxes receivable.... 60,564 54.178 Deferred income taxes. 101.730 84,682 Prepaid expenses and other current assets. 45,457 54.854 Current assets of discontinued operations.. 8.515 Current assets before funds held for customers 1,162,814 1,637.591 Funds held for customers 610.748 314.341 Total current assets $1,773,562 $1,951,932