Foster's Group Limited is an Australian company that sells beer, wine, pre-mixed spirits, cider, and non-alcoholic drinks, worldwide, The company prepares its financial statements in conformity with Australian accounting standards and International Financial Reporting Standards. In the footnotes to a recent annual report, it discloses information on receivables (all numbers are reported in millions of Australian dollars).

Required:
1: The account titles used by Foster's are different from those normally used by Canadian companies. What account titles does it use in place of allowance for doubtful accounts and bad debt expense?
2. Sales on account for year 2 were \(\$ 4,684.5\). Compute the trade receivables (trade debtors) turnover ratio for year 2 (ignore uncollectible accounts).
3. Compute the provision for doubtful debts as a percentage of current receivables separately for receivables from trade debtors and receivables from others. Explain why these percentages might be different.
4. What was the total amount of receivables written off in year 2, net of recoveries?

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Note 10: Receivables Year 2 Year 1 Current Trade debtors 637.9 757.3 Provision for doubtful debts. (7.4) (9.2) Other debtors 309.9 313.0 Provision for doubtful debts (1.5) (1.5) Non-current Other debtors. 8.1 13.5 Note 2: Revenue, Income and Expenses Year 2 Year 1 Amounts to provisions for Doubtful debts-trade debtors (0.2) (2.3)