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Calculate accounts receivable turnover and average days to collect accounts receivable for Verizon and COMCAST for the past two years. (2021 and 2022) Assuming both
Calculate accounts receivable turnover and average days to collect accounts receivable for Verizon and COMCAST for the past two years. (2021 and 2022) Assuming both companies use the percent of receivables allowance method, what is the estimated percentage of uncollectible accounts for each company? Comment on each companys ability to collect cash.
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