Analyzing the Allowance for Uncollectible Accounts Following is the current asset section from the Mondelez balance sheet. Dec. 31, Dec. 31, $ millions 2018 2017 Cash and cash equivalents $660 $457 Trade receivables* 1,357 1,615 Other receivables** 446 501 Inventories, net 1,555 1,534 Other current assets 544 406 Total current assets $4,562 $4,513 Total assets $37,637 $37,774 *(net of allowances of $24 at 2018 and $30 at 2017) **(net of allowances of $28 at 2018 and $59 at 2017) a. What is the common-size trade receivables, net, at year-end 2018? 1.29.75% ii. 15.98% iii. 3.61% iv. 3.54% 4 DOO 4 b. What do Mondelez's customers owe the company at December 31, 2018 ($ millions)? 1. $1,357 $1,381 lil. $1,333 b. What do Mondelez's customers owe the company at December 31, 2018 ($ millions)? $1,357 il. $1,381 iii. $1,333 iv. $1,803 c. What does Mondelez expect to collect from its customers as of December 31, 2017 ($ millions)? i. $1,615 1. $1,645 iii. $1,585 iv. $2,116 4 d. What is the GROSS Receivables at year-end 2018 ($ millions)? 1. $1,381 ii. $1,855 iii. $1,803 iv. $1,779 e. What percentage of trade receivables does the company deem uncollectible as of year-end 2018? L 1.77% ii. 2.88% iii. 1.49% DOO e. What percentage of trade receivables does the company deem uncollectible as of year-end 2018? i. 1.77% i. 2.88% iii. 1.49% iv. 1.74% f. Based on the analysis above, in which year does the company have higher quality trade receivables? i. 2018 1. 2017 b. What do Mondelez's customers owe the cor i. $1,357 ii. $1,381 Correct iii. $1,333 Incorrect iv. $1,803