Following is the current asset section from the Kraft Foods Group, Inc., balance sheet.

a. Compute the gross amount of accounts receivable for both 2012 and 2011. Compute the percentage of the allowance for uncollectible accounts relative to the gross amount of accounts receivable for each of those years.

b. Compute the relative size of net accounts receivable to total assets; the latter were \(\$ 23,329\) million and \$21,539 million for 2012 and 2011, respectively. Interpret the quality of Kraft's receivables for 2012 compared to 2011. (As additional background, net earnings attributable to the company were \(\$ 1,642\) million and \$1,775 million for 2012 and 2011, respectively.)

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$ millions Cash and cash equivalents Receivables (net of allowances of $28 in 2012 and $23 in 2011) Inventories, net... Deferred income taxes. Other current assets.. Total current assets.. 2012 $1,255 1,089 1,928 420 131 $4,823 2011 903 1,943 232 194 $3,272