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Bullock, Inc., balance sheet below. (Click the icon to view the balance sheet.) Assume that at September 28, 2019, the allowance for doubtful accounts is
Bullock, Inc., balance sheet below. (Click the icon to view the balance sheet.) Assume that at September 28, 2019, the allowance for doubtful accounts is $79 million credit balance. How much in total did customers owe Bullock? How much did Bullock expect to collect and not to collect on September 28, 2019? What was the net realizable value of Bullock Inc.'s receivables on September 28, 2019? As of September 28, 2019, the amount owed by customers to Bullock = As of September 28, 2019, the amount Bullock expects to collect = As of September 28, 2019, the amount Bullock expects NOT to collect = The net realizable value of Bullock's receivables on September 28, 2019 = Etext pages Calculator Ask my instructor Amount ($ in millions) Data table Bullock, Inc. Balance Sheet (Excerpt, Adapted) $ in Millions Sep. 28, 2019 Sep. 29, 2018 Current assets: Cash and cash equivalents $ 46,731 $ 28,849 Marketable securities 52,164 43,947 Accounts receivable, net 20,914 21,600 Inventories 4,273 3,152 Vendor non-trade receivables 21,575 29,444 13,158 13,786 Other current assets $ 158,815 $ 140,778 Total current assets Print Done Check
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